DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 7. SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION 53000-53113›CHAPTER 3. Purpose and Organization 53100-53113
§ 53105
California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1981, Ch. 1033.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code