Fin. Code, § 32330 · Article 4. Management of the Corporation
Fin. Code, § 32330
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The management of the corporation shall be conducted by the board of directors, subject to the following limitations:
(a) All action taken by the board of directors shall require the approval of a majority of the board present at a meeting at which there is a quorum or by unanimous written consent of all directors.
(b) The board of directors shall file revised articles of incorporation with the Secretary of State no later than January 30, 1990.
(c) The board of directors shall apply for a revised license as a California Business and Industrial Development Corporation by March 1, 1990.
Notes and commentary — not statutory text
History
Amended by Stats. 1989, Ch. 1040, Sec. 10.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=32330.
- Text hash
- sha256 9dee88e693f662ddf79b28b1391282077b85731fa1b0f175f18b5341a730b489
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.