§ 5506
73 words·~1 min read·
/ca/financial-code/5506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Within 30 days after the corporate existence of an association begins, the directors of the association shall hold an organization meeting and shall elect officers pursuant to the provisions of this division and the bylaws. At the organization meeting, the directors shall take any other action that is appropriate in connection with the organization of the association. The commissioner may extend by order the time within which the organization meeting shall be held.