32-3-422. Duties of directors — rulemaking
32-3-422. Duties of directors — rulemaking. (1) General duties of directors include but are not limited to: (a) acting in good faith, in a manner the directors reasonably believe to be in the best interests of the credit union’s membership, with the care, including reasonable inquiry, that an ordinarily prudent director in a like position would exercise […]
32-3-418. Suspension and removal of officials
32-3-418. Suspension and removal of officials. (1) The supervisory committee by a unanimous vote may suspend any official until the next membership meeting, which must be held not less than 7 or more than 21 days after the suspension. At the meeting, the suspension must be acted upon by the members. (2) Any member of the supervisory committee […]
32-3-419. Calling of special meeting
32-3-419. Calling of special meeting. The supervisory committee by a majority vote may call a special meeting of the members to consider any violation of this chapter, the credit union’s charter or bylaws, or any practice of the credit union deemed by the supervisory committee to be unsafe or unauthorized. History: En. 14-638 by Sec. 38, Ch. […]
32-3-420. and 32-3-421 reserved
32-3-420 and 32-3-421 reserved.
32-3-411. Meetings of board of directors and committees
32-3-411. Meetings of board of directors and committees. (1) Either the board of directors or the executive committee shall meet each month. The board of directors or the executive committee may meet at other times as necessary. (2) Unless specifically prohibited by the bylaws, directors and members of the supervisory committee or credit committee may participate in […]
32-3-412. Repealed
32-3-412. Repealed. Sec. 2, Ch. 117, L. 2015. History: En. 14-631 by Sec. 31, Ch. 38, L. 1975; amd. Sec. 45, Ch. 359, L. 1977; R.C.M. 1947, 14-631; amd. Sec. 5, Ch. 522, L. 1985; amd. Sec. 26, Ch. 237, L. 2003.
32-3-413. Repealed
32-3-413. Repealed. Sec. 14, Ch. 317, L. 2015. History: En. 14-632 by Sec. 32, Ch. 38, L. 1975; R.C.M. 1947, 14-632.
32-3-414. Repealed
32-3-414. Repealed. Sec. 14, Ch. 317, L. 2015. History: En. 14-633 by Sec. 33, Ch. 38, L. 1975; R.C.M. 1947, 14-633; amd. Sec. 27, Ch. 237, L. 2003.
32-3-415. Repealed
32-3-415. Repealed. Sec. 14, Ch. 317, L. 2015. History: En. 14-634 by Sec. 34, Ch. 38, L. 1975; R.C.M. 1947, 14-634.
32-3-416. Credit committee or credit manager duties
32-3-416. Credit committee or credit manager duties. (1) A credit union may use a credit committee or a credit manager to approve or disapprove loans under conditions the board of directors prescribes. (2) The credit committee or the credit manager may appoint one or more loan officers with the power to approve loans, subject to limitations or […]