Statute · California Corporations Code
Cal. Corp. Code § 14009 — New Corporations
Cal. Corp. Code § 14009
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2013-10-04
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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…
Citator
Cal. Corp. Code § 14009 — New Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
(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.