Cal. CORP § 14009
This is the official text of Cal. CORP § 14009, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
(a) Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.
(b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.
(b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.
Status: in_force · Read it on the official government site
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