DecisionDepot
California legal research

California Financial Code

§ 1171

FIN § 1171 Effective Jan 1, 2012Div. 1.1 · Ch. 5 · Art. 5

Statute text

View on leginfo.ca.gov
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.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1171 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.