§ 17:3123 — Domicile, organization, and meetings of board; rules

Louisiana § 17:3123

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

§3123. Domicile, organization, and meetings of board; rules
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. Eight 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 of the board.
D.(1) 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.
(2) All rules adopted by the board, exclusive of those regulating only the internal
management of the board's affairs, and those adopted in exercising and fulfilling its duties
and functions as specifically enumerated in Article VIII, Section 5(D) of the Louisiana
Constitution, shall be adopted in accordance with the Administrative Procedure Act.
(3) The board shall submit a copy of any order, rule, regulation, plan, agreement,
policy, or recommendation, other than those regulating only the internal management of the
board's affairs, that is not adopted in accordance with the provisions of the Administrative
Procedure Act to the Senate Committee on Education and the House Committee on
Education, along with the written reasons and explanations therefor and a summary report
of the proceedings of any public hearings conducted prior to the adoption of such order, rule,
regulation, plan, policy, or recommendation.
E. The board shall meet in January each year and at other times as fixed by the board
or upon call of the chairman. The board shall meet at least twice yearly with the State Board
of Elementary and Secondary Education in accordance with the provisions of Article VIII,
Section 5(D) of the Constitution of Louisiana.
F. The first meeting of the board shall be held in Baton Rouge on the call of the
governor within ten days after the appointment by the governor of initial members of the
board. In no event shall the first meeting of the board be held later than January 15, 1975.

Legislative History

Acts 1974, Ex. Sess. No. 7, §1, eff. Jan. 1, 1975; Acts 2010, No. 648, §1, eff. June 29, 2010; Acts 2023, No. 6, §1.