2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 4. Executive Director
Section 14026
The director, following notification to the secretary, may do all of the following:
(a) Contract for services entered into pursuant to this chapter.
(b) Hold public hearings.
(c) Act as liaison between corporations formed under this part, other state and federal agencies, lenders, and the Legislature.
(d) Process and tabulate on a monthly basis all corporate reports.
(e) Attend board meetings.
(f) Attend and participate at corporation meetings. The director, or his or her designee, shall be an ex officio, nonvoting representative on the board of directors and loan committees of each corporation. The director shall meet with the board of directors of each corporation at least once each fiscal year, commencing July 1, 1999.
(g) Assist corporations in applying for federal grant applications, and in obtaining program support from the business community.
(Amended by Stats. 1998, Ch. 153, Sec. 1. Effective January 1, 1999.)
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