MCL 490.343 Suspension Or Removal of Members; Majority of Remaining Members As Quorum; Appointment of Temporary Members

LibraryMichigan Statutes
Edition2023
CurrencyCurrent through Public Act 321 of the 2023 Legislative Session
Year2023
CitationMCL 490.343

If 1 or more directors of a domestic credit union board are suspended or removed under this act, a majority of the remaining members of the board, including any replacement directors, constitute a quorum of the credit union board. If all of the directors of a domestic credit union are suspended or removed under this act, the commissioner shall appoint individuals to serve tem...

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