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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - California Code, Financial Code - FIN § 6154 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-6154/
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