Maine § 9-B §848 Amendment of bylaws and charter

Maine Statutes

§ 9-B §848 — Amendment of bylaws and charter

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 8 CREDIT UNIONS·Ch. 84 MANAGEMENT AND OPERATIONS

1.Procedure. Amendments of the bylaws may be adopted, and amendments of the charter requested, by the affirmative vote of 2/3 of the members of the board of directors at any duly held meeting thereof, if the members of the board have been given at least 7 days' notice of said meeting and the notice has contained a copy of the proposed amendment or amendments.

2.Superintendent's approval. No amendments to the bylaws or charter of a credit union shall become effective without the written approval of the superintendent.

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1.
Procedure.
Amendments of the bylaws may be adopted, and amendments of the charter requested, by the affirmative vote of 2/3 of the members of the board of directors at any duly held meeting thereof, if the members of the board have been given at least 7 days' notice of said meeting and the notice has contained a copy of the proposed amendment or amendments.
2.
Superintendent's approval.
No amendments to the bylaws or charter of a credit union shall become effective without the written approval of the superintendent.

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