§ 1171
44 words·~1 min read·
/ca/financial-code/1171A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of a bank or trust company hereafter organized shall consist of not less than 5 nor more than 25 directors, and no bank or trust company shall amend its articles or bylaws so as to reduce the number of directors below five.