District of Columbia § 26-505.04 Vacancies.

District of Columbia Statutes

§ 26-505.04 — Vacancies.

District of Columbia § 26-505.04

JurisdictionDistrict of Columbia

Title 26Banks and Other Financial Institutions.

Ch. 5Credit Unions.

Subch. ICredit Union Act of 2020.

Part ECredit Union Governance.

This text of District of Columbia § 26-505.04 (Vacancies.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-505.04 (2026).

Text

(a)A seat on a District credit union's board of directors or on one of the District credit union's committees will be considered vacant if a board or committee member:

(1)Resigns from his or her position on the board or committee;

(2)Is removed from the board or committee;

(3)Is unable to carry out his or her duties as a board or committee member; or

(4)Is made ineligible by operation of law.

(b)The board of directors shall fill any vacancies occurring on the board or on any board-appointed committee from among the District credit union's natural person members.

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(a) A seat on a District credit union's board of directors or on one of the District credit union's committees will be considered vacant if a board or committee member:

(1) Resigns from his or her position on the board or committee;

(2) Is removed from the board or committee;

(3) Is unable to carry out his or her duties as a board or committee member; or

(4) Is made ineligible by operation of law.

(b) The board of directors shall fill any vacancies occurring on the board or on any board-appointed committee from among the District credit union's natural person members.