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HomeFinancial CodeDiv. 15Ch. 4Art. 2§ 31211 Quarterly Board Meetings

§ 31211 Quarterly Board Meetings

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
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§ 31211 Quarterly Board Meetings

Key Takeaways

  • •The people in charge of a company must meet at least once every three months.
  • •This meeting has to happen every year, four times at least.
  • •It's the law, so they can't skip these meetings.

Example

A company that sells toys has a group of leaders who make big decisions.

These leaders must get together and talk about the company at least four times a year. If they don't, they're breaking the law.

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

Official Source
View on CA.gov

§ 31211 Quarterly Board Meetings

The board of directors of each licensee shall hold a meeting not less frequently than once each calendar quarter. (Added by Stats. 1977, Ch. 1164.)

Last verified: January 23, 2026

Key Terms

licensedirector

Related Statutes

  • § 31210 Board Composition Requirement
  • § 100023 Commissioner Licensee Examination
  • § 14452 Director Absence Vacancy Rule
  • § 22750 Void Loan Contracts
  • § 22755 Mortgage Originator Fraud Prohibitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 31211.
View Official Source