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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-505.04: Vacancies.

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Where this section sits in the code
  1. Title 26. Banks and Other Financial Institutions.
  2. Chapter 5. Credit Unions.
  3. Subchapter I. Credit Union Act of 2020.
  4. Part E. Credit Union Governance.

(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.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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