Ohio § 1733.152 Appointment of associate directors

Ohio Statutes

§ 1733.152 — Appointment of associate directors

Ohio § 1733.152

Title 17Corporations-Partnerships

Ch. 1733Credit Unions

This text of Ohio § 1733.152 (Appointment of associate directors) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1733.152 (2026).

Text

(A)The board of directors of a credit union may, in its discretion, appoint one or more associate directors to serve in an advisory, ex officio capacity. The board shall prescribe the duties of an associate director and the manner in which associate directors are appointed and removed.

(B)Prior to appointing an associate director, the board shall confirm that the person meets all of the requirements to serve as a director.

(C)An associate director may participate in meetings of the board but may not vote or otherwise act as a director. An associate director shall not be considered a director for purposes of this chapter.

(D)The board shall require each associate director to sign a confidentiality agreement to ensure that information concerning the credit union remains confidential.

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(A) The board of directors of a credit union may, in its discretion, appoint one or more associate directors to serve in an advisory, ex officio capacity. The board shall prescribe the duties of an associate director and the manner in which associate directors are appointed and removed.

(B) Prior to appointing an associate director, the board shall confirm that the person meets all of the requirements to serve as a director.

(C) An associate director may participate in meetings of the board but may not vote or otherwise act as a director. An associate director shall not be considered a director for purposes of this chapter.

(D) The board shall require each associate director to sign a confidentiality agreement to ensure that information concerning the credit union remains confidential.