§ 17:1853 — Domicile, organization, and meetings of board

Louisiana § 17:1853

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

§1853. Domicile, organization, and meetings of board
A. The board shall be domiciled in the city of Baton Rouge, parish of East Baton
Rouge.
B. The members of the board shall elect from among their number a chairman and
a vice-chairman and such other officers as they deem necessary, whose terms shall be as
fixed by the board.
C. Nine members of the board shall constitute a quorum for the transaction of
business and all official action of the board shall require the favorable vote of a majority of
the members.
D. The board shall adopt rules for the transaction of its business and shall keep an
accurate record of all of its proceedings and official actions. All papers, documents and
records appertaining to the board shall be filed at the domicile of the board.
E. The board shall meet in January each year and at other times as fixed by the board
or upon call of the chairman.

Legislative History

Acts 1974, Ex. Sess., No. 6, §1, eff. Jan. 1, 1975; Acts 2023, No. 6, §1.