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Section 6152 Of Article 4. Directors From California Financial Code >> Division 2. >> Chapter 3. >> Article 4.
6152
. (a) A director shall automatically cease to be a director
upon becoming the subject of an order for relief in bankruptcy or
upon conviction of a criminal offense involving dishonesty or a
breach of trust.
(b) In the case of an association which converts from a mutual association to a stock association, for a period of up to five years from the date of the conversion, a director may not otherwise be removed except for cause on the affirmative vote of a majority of the votes of members or stockholders eligible to be cast at a legal meeting.
(b) In the case of an association which converts from a mutual association to a stock association, for a period of up to five years from the date of the conversion, a director may not otherwise be removed except for cause on the affirmative vote of a majority of the votes of members or stockholders eligible to be cast at a legal meeting.
