§ 6154
72 words·~1 min read·
/ca/financial-code/6154A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current directors may fill the vacancy by electing a director to serve until the next annual meeting of the members or stockholders at which time a director shall be elected to fill the vacancy for the unexpired term for the class of directors in which the vacancy exists.