California · Financial Code

FIN §14451: Directors may be elected for a term of three years or less.

What this law says, in plain English

This statute permits the election of directors for terms lasting three years or fewer. It establishes a permissible timeframe for director tenure.

Read the full statutory text

Directors may be elected for a term of three years or less. If directors are elected for terms in excess of one year their terms of office shall be staggered so that insofar as possible an equal number of such terms shall expire each year.

Verify at the official source: California legislative text

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