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HomeCorporations CodeCh. 20§ 2002 Filling Board Vacancies

§ 2002 Filling Board Vacancies

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

§ 2002 Filling Board Vacancies

This law says that if a board seat becomes empty while a company is being closed down, the empty spot can be filled using the rules in Section 305.

Key Takeaways

  • •A board vacancy can be filled during a winding‑up.
  • •The filling must follow the method described in Section 305.
  • •The rule only applies while the company is being wound up, not at other times.

Example

A company is being liquidated and one of its directors quits. The remaining directors can appoint a new director to fill the empty seat.

Because the company is in a winding‑up process, the board can replace the missing director by following the procedure laid out in Section 305.

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

Official Source
View on CA.gov

§ 2002 Filling Board Vacancies

A vacancy on the board may be filled during a winding up proceeding in the manner provided in Section 305. (Added by Stats. 1975, Ch. 682.)

Last verified: January 10, 2026

Key Terms

vacancyboardwinding up proceedingSection 305

Related Statutes

  • § 12651 Filling Board Vacancies
  • § 6711 Filling Board Vacancies
  • § 8711 Filling Board Vacancies
  • § 12690 Corporate Law Definitions
  • § 12691 Corporate Law Application Dates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 2002.
View Official Source