California Statutes
§ 32352.5. — 32352.5. (Amended by Stats. 2004, Ch. 25, Sec. 8.)
California § 32352.5.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.5.DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
Ch. 2.CHAPTER 2. Corporate Matters
Art. 6.ARTICLE 6. Powers, Exclusions and Prohibitions
This text of California § 32352.5. (32352.5. (Amended by Stats. 2004, Ch. 25, Sec. 8.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 32352.5. (2026).
Text
(a)If the corporation becomes a small business development corporation pursuant to Section 32352, the official and public members of the board of directors shall, within 30 days thereafter, appoint three additional directors to the board, who shall be residents of the region to be served by the corporation when acting as a small business development corporation.
(b)For purposes of this section, the three regional directors appointed pursuant to subdivision (a) shall be
appointed by the official and public members of the board as full voting members of the board.
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Legislative History
Amended by Stats. 2004, Ch. 25, Sec. 8. Effective March 17, 2004.
Nearby Sections
2
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California § 32352.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/32352.5..