Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-531. Authority and responsibility of directors; voting

A. The board of directors has the authority and responsibility for directing the business affairs, monies and records of the credit union.

B. Except as provided in § 6-543, directors may not vote by proxy, absentee ballot or mail ballot but may vote by telephone conference or electronic meeting if all directors participating can speak to and be heard by the other directors during the telephone conference or electronic meeting.

C. The board of directors shall meet at least once every two months. The deputy director may direct a credit union's board of directors to meet more frequently to address specific matters.