Cal. Corporations Code § 13278
Cal. Corporations Code § 13278
California · California Corporations Code · Status: effective
Cite this
- Citation
- Cal. Corporations Code § 13278, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792580
- Permanent ID
ys:prov:792580@1- SHA-256
3a22066208ca51b1d9f95659d313f21f68c91a6be20202f86c6df6297836893a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The directors shall elect from their number a president and one or more vice presidents. They shall also elect a secretary and a treasurer, who need not be directors or members of the association; and they may combine the two latter offices and unite both functions and titles in one person. The treasurer may be a bank or any depository and, as such, shall not be considered as an officer, but as a function of the board of directors. In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as and where authorized by the board of directors. Any vacancy in any office, other than that of director, shall be filled by the board of directors.