Cal. FIN § 6154
This is the official text of Cal. FIN § 6154, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current directors may fill the vacancy by electing a director to serve until the next annual meeting of the members or stockholders at which time a director shall be elected to fill the vacancy for the unexpired term for the class of directors in which the vacancy exists.
Status: in_force · Read it on the official government site
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