§ 6-330. Officers

Latest version.

   (a) Elections. -- Within 15 days after the annual meeting of the members and after the directors-elect have qualified, the board shall meet and elect the officers of the credit union.

(b) Term. -- Unless the bylaws provide otherwise:

   (1) Each officer serves for a term of 1 year and until a successor is elected and qualifies; and

   (2) The president shall be the chief executive officer who shall be responsible for the day to day operations of the credit union.

(c) Removal. -- Subject to the provisions of an enforceable employment contract, if any, the board may remove an officer at any time.

HISTORY: CA § 6-317; 1980, ch. 33, § 2; ch. 318; 2001, ch. 147, § 1; ch. 148, § 1.

                    
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