Washington Code 31.12.115 – Amendment to bylaws — Approval of director required — Procedure
Current as of: 2023 | Check for updates
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(1) A credit union‘s field of membership bylaws may be amended by the board with approval of the director. Complete applications to amend a credit union’s field of membership bylaws must be approved or denied by the director within sixty days of receipt.
Terms Used In Washington Code 31.12.115
- Board: means the board of directors of a credit union. See Washington Code 31.12.005
- Credit union: means a credit union organized and operating under this chapter. See Washington Code 31.12.005
- Director: means the director of financial institutions. See Washington Code 31.12.005
(2) A credit union’s other bylaws may be amended by the board.
(3) Any amendments to a credit union’s bylaws must conform with RCW 31.12.065.
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.