§ 28210 Licensee Governing Body Requirements

Corporations Code·California

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Key Takeaways

•Every licensed group must have a team of leaders.
•This team must have at least 3 people.
•The team can be called a board of directors or something similar.

Example

A small local bank gets its license to operate.

The bank must have a group of at least 3 people to make big decisions, like a board of directors.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 28210 Licensee Governing Body Requirements

Each licensee shall have a board of directors, executive committee, or other policy body, which shall consist of not less than three members. (Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)

Last verified: January 23, 2026

Key Terms

licensee board of directors executive committee policy body

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 28210.

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Key Takeaways

Example

Key Terms

Related Statutes

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