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2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 5. Directors
Section 1171


CA Fin Code § 1171 (through 2012 Leg Sess) What's This?

The board of a bank or trust company hereafter organized shall consist of not less than 5 nor more than 25 directors, and no bank or trust company shall amend its articles or bylaws so as to reduce the number of directors below five.

(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)

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