California Corporations Code

§ 12360

CORP § 12360 Effective Jan 1, 2019Div. 3 · Title 1 · Part 2 · Ch. 2 · Art. 2

Statute text

(a)Except as provided in subdivision (d), directors shall be elected for terms of not longer than four years, as fixed in the articles or bylaws. In the absence of any provision in the articles or bylaws, the terms shall be one year. No amendment of the articles or bylaws may extend the term of a director beyond that for which the director was elected, nor may any bylaw provision increasing the terms of directors be adopted without approval of the members.

(b)Unless otherwise provided in the articles or bylaws, each director, including a director elected to fill a vacancy, shall hold office until the expiration of the term for which elected and until a successor has been elected and qualified, unless the director has been removed from office.

(c)The articles or bylaws may prescribe requirements for eligibility for election as a director.

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Legislative history

Amended by Stats. 2018, Ch. 322, Sec. 5. (AB 2557) Effective January 1, 2019.