§ 14009
74 words·~1 min read·
/ca/corporations-code/14009A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.
(b)The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.