Cal. Corp. Code § 9221

Current through the 2024 Legislative Session.
Section 9221 - Declaration of vacancy; qualifications of directors
(a) The board may declare vacant the office of a director who has been declared of unsound mind by a final order of court, or convicted of a felony, or, if at the time a director is elected, the bylaws provide that a director may be removed for missing a specified number of board meetings, fails to attend the specified number of meetings.
(b) As provided in paragraph (3) of subdivision (c) of Section 9151, the articles or bylaws may prescribe the qualifications of the directors. Unless otherwise provided by the articles or bylaws, the board, by a majority vote of the directors who meet all of the required qualifications to be a director, may declare vacant the office of any director who fails or ceases to meet any required qualification that was in effect at the beginning of that director's current term of office.

Ca. Corp. Code § 9221

Amended by Stats. 1996, Ch. 589, Sec. 42. Effective January 1, 1997.