Section 5056 Of Article 1. Formation And Organization From California Insurance Code >> Division 2. >> Part 1. >> Chapter 5. >> Article 1.
5056
. Such insurer shall have not less than seven, nor more than 11
directors, a majority of whom shall constitute a quorum to do
business.
The by-laws or the articles may provide or be amended to provide
for either concurrent terms of one year for all directors or
staggered terms of not more than five years. If provision is made for
staggered terms, such terms shall, except for the first directors
elected for staggered terms, be uniform for all directors and so
arranged that as nearly equal a number of directors as is feasible
shall be elected each year.
The directors shall be elected by ballot from the members of the
insurer. They shall hold office for the terms for which they were
elected, and until their successors are elected and qualified.