California § 14014 - The bank shall enter into a contract with each corporation that shall require tha
Full text of California Public Contract Code - PCC § 14014 — The bank shall enter into a contract with each corporation that shall require tha, with citation guidance and answers to common questions.
§ 14014. The bank shall enter into a contract with each corporation that shall require tha
The bank shall enter into a contract with each corporation that shall require that: (a) A person may not serve on a corporationâs board of directors who is not a resident of, or person conducting business in, the primary service area described in the articles of incorporation. (b) A corporationâs board of directors shall include representatives from all of the following: (1) The financial community. (2) The business community. (3) The economically disadvantaged. (c) The chief executive officer of a corporation, or his or her designee, is the only employee of the corporation who may serve on its board of directors. (d) A person who has a financial interest related to a matter over which the board of directors has authority may not make, participate in making, or in any way attempt to influence that matter.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14014
What does Public Contract Code - PCC § 14014 cover?
Section 14014 ("The bank shall enter into a contract with each corporation that shall require tha") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 14014?
A common citation format is "Public Contract Code - PCC § 14014" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 14014 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.