Cal. FIN § 1171
This is the official text of Cal. FIN § 1171, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
The board of a bank or trust company hereafter organized shall consist of not less than 5 nor more than 25 directors, and no bank or trust company shall amend its articles or bylaws so as to reduce the number of directors below five.
Status: in_force · Read it on the official government site
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