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HomeFinancial CodeDiv. 5Ch. 4Art. 2§ 14452 Director Absence Vacancy Rule

§ 14452 Director Absence Vacancy Rule

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14452 Director Absence Vacancy Rule

This law says that if a director misses three board meetings in a row without a good excuse, they lose their position.

Key Takeaways

  • •Directors must attend meetings or get excused.
  • •Missing 3 meetings in a row without an excuse means they’re out.
  • •The rule only applies to regular meetings, not special or emergency ones.

Example

A director skips three monthly meetings because they were busy with other work.

Since they didn’t get excused, they can be removed from their director role.

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

Official Source
View on CA.gov

§ 14452 Director Absence Vacancy Rule

The office of any director shall be declared vacant if such director is absent from three consecutive regular meetings of the board of directors unless excused therefrom. (Repealed and added by Stats. 1979, Ch. 112.)

Last verified: January 11, 2026

Key Terms

directorvacantabsentthree consecutive regular meetingsboard of directorsexcused

Related Statutes

  • § 14450 Credit Union Board Requirements
  • § 14452.5 Credit Union Director Vacancies
  • § 14453 Credit Union Board Duties
  • § 31210 Board Composition Requirement
  • § 31211 Quarterly Board Meetings

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14452.
View Official Source