Ohio § 1733.22 Compensation and benefits

Ohio Statutes

§ 1733.22 — Compensation and benefits

Ohio § 1733.22

Title 17Corporations-Partnerships

Ch. 1733Credit Unions

This text of Ohio § 1733.22 (Compensation and benefits) 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. § 1733.22 (2026).

Text

(A)A credit union may provide, at its expense, a director or committee member reasonable health, accident, and related types of personal insurance protection. A director or committee member is entitled, subject to rules adopted under section1733.411of the Revised Code and when so authorized by the board of directors, to reimbursement for the director's or committee member's expenses incurred in connection with the business of the credit union.

(B)A credit union may provide any of the following to its directors and supervisory audit committee members:

(1)Reasonable compensation for their service as directors or supervisory audit committee members;

(2)Gifts of minimal value;

(3)Insurance coverage or other benefits that are available to employees generally;

(4)Reimbursement for re

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(A) A credit union may provide, at its expense, a director or committee member reasonable health, accident, and related types of personal insurance protection. A director or committee member is entitled, subject to rules adopted under section1733.411of the Revised Code and when so authorized by the board of directors, to reimbursement for the director's or committee member's expenses incurred in connection with the business of the credit union.

(B) A credit union may provide any of the following to its directors and supervisory audit committee members:

(1) Reasonable compensation for their service as directors or supervisory audit committee members;

(2) Gifts of minimal value;

(3) Insurance coverage or other benefits that are available to employees generally;

(4) Reimbursement for reasonable expenses incurred on behalf of themselves and their spouses in the performance of their duties as directors or supervisory audit committee members.

(C) The superintendent of financial institutions may, in accordance with Chapter 119. of the Revised Code, adopt any rule necessary for the implementation of this section.