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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1733.152 | Appointment of associate directors.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1733 Credit Unions
 
Effective:
March 20, 2019
Latest Legislation:
House Bill 489 - 132nd General Assembly
PDF:
Download Authenticated PDF
 

(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.

Available Versions of this Section