Jurris.COM
Section 32325 Of Article 3. Board Of Directors From California Financial Code >> Division 15.5. >> Chapter 2. >> Article 3.
32325
. If the corporation becomes a federal Community Development
Financial Institution (CDFI), in addition to the official and public
directors provided for in Section 32321, the board may select not
more than three private directors to assist the board in managing the
corporation, subject to the following:
(a) Private directors shall serve on the board in an advisory and voluntary capacity.
(b) Each private director shall be knowledgeable about the CDFI target market.
(c) At the discretion of the board, private directors shall be eligible to receive compensation, subject to the limitations contained in subdivision (b) of Section 32324.
(a) Private directors shall serve on the board in an advisory and voluntary capacity.
(b) Each private director shall be knowledgeable about the CDFI target market.
(c) At the discretion of the board, private directors shall be eligible to receive compensation, subject to the limitations contained in subdivision (b) of Section 32324.
