§ 6-406. Unsafe or unauthorized practices -- Action by board and members

Latest version.

(a) Meeting to act on practice. -- The board may call a meeting of the members of the credit union to act on any practice of the credit union that the supervisory committee considers unsafe or unauthorized.

(b) Notice to Commissioner. -- The board shall give the Commissioner advance notice of a meeting of the members that is called under subsection (a) of this section.

HISTORY: CA § 6-323; 1980, ch. 33, § 2; 1996, ch. 326, § 2; 2001, ch. 147, § 1; ch. 148, § 1.

                    
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