§ 11862 Director Term Staggering Rules
A new group forms and holds its first election for 5 directors. The top 3 get the most votes, and the other 2 get fewer votes.
The top 3 directors will work for 4 years, while the other 2 will work for only 2 years. After 2 years, the group will hold another election to pick new directors for the next 4 years.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 11862 Director Term Staggering Rules
Last verified: January 23, 2026