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District of Columbia Code Division V. Local Business Affairs § 26-505.04. Vacancies.

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) A seat on a District credit union's board of directors or on one of the District credit union's committees will be considered vacant if a board or committee member:

(1) Resigns from his or her position on the board or committee;

(2) Is removed from the board or committee;

(3) Is unable to carry out his or her duties as a board or committee member; or

(4) Is made ineligible by operation of law.

(b) The board of directors shall fill any vacancies occurring on the board or on any board-appointed committee from among the District credit union's natural person members.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 26-505.04. Vacancies. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-26-505-04/

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