California Code, CORP 301.

California Code, CORP 301.

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Corporations Code - CORP

TITLE 1. CORPORATIONS [100 - 14707] Â Â ( Title 1 enacted by Stats. 1947, Ch. 1038. ) Â Â DIVISION 1. GENERAL CORPORATION LAW [100 - 2319] Â Â ( Division 1 repealed and added by Stats. 1975, Ch. 682. ) Â Â

CHAPTER 3. Directors and Management [300 - 318] Â Â ( Chapter 3 added by Stats. 1975, Ch. 682. )

  301.  (a) Except as provided in Section 301.5, at each annual meeting of shareholders, directors shall be elected to hold office until the next annual meeting. However, to effectuate a voting shift (Section 194.7) the articles may provide that directors hold office for a shorter term. The articles may provide for the election of one or more directors by the holders of the shares of any class or series voting as a class or series. (b) Each director, including a director elected to fill a vacancy, shall hold office until the expiration of the term for which elected and until a successor has been elected and qualified. (Amended by Stats. 1989, Ch. 876, Sec. 1.)