TITLE 1. CORPORATIONS 100-14631›DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES 12000-14631›PART 5. SMALL BUSINESSES 14000-14024›CHAPTER 1. California Small Business Financial Development Corporations 14000-14024›ARTICLE 4. New Corporations 14005-14012

§ 14009

California Corporations Code · 2020-11 edition · updated 2026-10-04 · California

(a) Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.

(b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.

(Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective October 4, 2013.)

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California Corporations Code

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