California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 9 - Real Estate Investment Trusts
Section 260.140.95 - Number and Election of Trustees
A real estate investment trust should have a minimum of three trustees, all of whom are elected annually by the security holders of the trust. A trustee may be removed from office without cause by the vote or written consent of the holders of a majority of the outstanding securities of the trust.
1.
Amendment of subsection (e) filed 5-14-69; effective thirtieth day thereafter
(Register 69, No. 20).
2. Renumbering and amendment of Section
260.140.95 to Section
260.140.93, and renumbering and
amendment of former Section
260.140.97 to Section
260.140.95 filed 1-28-82;
effective thirtieth day thereafter (Register 82, No.
5).
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.
