1. Vacancies in the board of directors, supervisory committee, or the credit committee, occasioned by resignations, deaths or other causes shall be reported by each credit union to the superintendent within ten days after the event; and the credit union shall likewise report the filling of each such vacancy with the name, address and occupation of the person elected and the name of the person whose place he is to fill.

Terms Used In N.Y. Banking Law 469

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
2. The number of directors may be changed within the limits provided in subdivision four of section four hundred fifty-one of this article by amendment of the bylaws.