SECTIONS 13275-13279 - California Statutes

CORPORATIONS CODE

SECTION 13275-13279

13275. The affairs of the association shall be managed by a board
of not less than three directors, elected by the members from their
own number.

13276. Meetings of the board of directors may be held at any place
within or without the State fixed by a quorum thereof unless
otherwise provided in the articles of incorporation or by-laws.

13277. When a vacancy on the board of directors occurs other than
by expiration of term, the remaining members of the board, by a
majority vote, shall fill the vacancy, provided that when the by-laws
provide for an election of directors by districts, the vacancy shall
be filled by the election of a director from the district in which
the vacancy occurs; or the board of directors may call a special
meeting of the members in that district to fill the vacancy.

13278. The directors shall elect from their number a president and
one or more vice presidents. They shall also elect a secretary and a
treasurer, who need not be directors or members of the association;
and they may combine the two latter offices and unite both functions
and titles in one person. The treasurer may be a bank or any
depository and, as such, shall not be considered as an officer, but
as a function of the board of directors. In such case, the secretary
shall perform the usual accounting duties of the treasurer, excepting
that the funds shall be deposited only as and where authorized by
the board of directors. Any vacancy in any office, other than that of
director, shall be filled by the board of directors.

13279. An association may provide a fair remuneration for the time
actually spent by its officers and directors in its service and for
the service of the members of its executive committee.