D.C. Code § 26-505.04: Vacancies.
Where this section sits in the code
- Title 26. Banks and Other Financial Institutions.
- Chapter 5. Credit Unions.
- Subchapter I. Credit Union Act of 2020.
- 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