Rhode Island § 19-5-9 § 19-5-9. Appointments and terms of supervisory committee members.

Rhode Island Statutes

§ 19-5-9 — § 19-5-9. Appointments and terms of supervisory committee members.

Rhode Island·Title 19 Financial institutions·Ch. 19-5 Credit Unions

§ 19-5-9. Appointments and terms of supervisory committee members.
(a) The board of directors shall appoint, or the membership shall elect, qualified members
            to a supervisory committee consisting of no fewer than three (3) members nor more
            than five (5) members. The director, or the director's designee, shall issue guidelines
            defining a "qualifiedâ€� supervisory committee member. No officers, directors, or employees
            of the credit union, or immediate family members thereof, shall be members of the
            supervisory committee.
         
(b) Members of the supervisory committee shall be appointed by the board of directors
   

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§ 19-5-9. Appointments and terms of supervisory committee members.

(a) The board of directors shall appoint, or the membership shall elect, qualified members to a supervisory committee consisting of no fewer than three (3) members nor more than five (5) members. The director, or the director's designee, shall issue guidelines defining a "qualifiedâ€� supervisory committee member. No officers, directors, or employees of the credit union, or immediate family members thereof, shall be members of the supervisory committee.

(b) Members of the supervisory committee shall be appointed by the board of directors or elected by the membership for no fewer than one nor more than three (3) years, as the bylaws provide. An equal number of members, as nearly as may be, shall be appointed or elected each year.

Rhode Island § 19-5-9 (§ 19-5-9. Appointments and terms of supervisory committee members.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.