§ 53105
48 words·~1 min read·
/ca/health-and-safety-code/53105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In order to expedite the startup of the corporation, the four members representing the stockholders shall initially be appointed by the Secretary of the Business, Transportation and Housing Agency. These members will serve until the first stockholders’ meeting, at which point they will be replaced by elected members.