District of Columbia § 26-505.08 Officers.

District of Columbia Statutes

§ 26-505.08 — Officers.

District of Columbia § 26-505.08

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 § 26-505.08 (Officers.) 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 § 26-505.08 (2026).

Text

(a)The board of directors, at their organizational meeting, shall elect from their own number, a chairperson of the board, a treasurer, and a secretary. The board may also elect any other officers of the board that are specified in the bylaws.

(b)The term of an officer shall be for one calendar year, or until a successor is chosen and has been duly qualified, unless otherwise provided in the bylaws.

(c)The duties of the officers shall be prescribed in the bylaws.

(d)Notwithstanding any other provision of this subchapter , a District credit union may use any title it chooses for officials holding the positions described in this section, provided that the titles are not misleading.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The board of directors, at their organizational meeting, shall elect from their own number, a chairperson of the board, a treasurer, and a secretary. The board may also elect any other officers of the board that are specified in the bylaws.

(b) The term of an officer shall be for one calendar year, or until a successor is chosen and has been duly qualified, unless otherwise provided in the bylaws.

(c) The duties of the officers shall be prescribed in the bylaws.

(d) Notwithstanding any other provision of this subchapter , a District credit union may use any title it chooses for officials holding the positions described in this section, provided that the titles are not misleading.