California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 3. CORPORATIONS FOR SPECIFIC PURPOSES |
Part 2. CONSUMER COOPERATIVE CORPORATIONS |
Chapter 2. Directors and Management |
ARTICLE 2. Selection, Removal and Resignation of Directors |
Section 12361.
Latest version.
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The board may declare vacant the office of a director whose eligibility for election as a director has ceased, or who has been declared of unsound mind by a final order of court, or convicted of a felony, or, if at the time a director is elected, the bylaws provide that a director may be removed for missing a specified number of board meetings, fails to attend the specified number of meetings.
(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)