§ 6-327. Director Emeritus

Latest version.

   (a) Advise and consult. -- If the bylaws provide, a director emeritus may advise and consult with the board and aid the board in carrying out the board's duties and responsibilities.

(b) Bylaws. -- The bylaws shall provide for:

   (1) The number of directors emeriti; and

   (2) The qualifications for a director emeritus.

(c) Qualifications. -- A director emeritus:

   (1) Shall be a member of the credit union; and

   (2) May not be an officer or an official.

(d) Limitations. -- A director emeritus may not:

   (1) Participate in any board or committee deliberations;

   (2) Make motions; or

   (3) Vote on any matter before the board.

HISTORY: 2001, ch. 147, § 1; ch. 148, § 1.

                    
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