GroundRules
D.C. Code § 26-505.05: Compensation of officials.
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)
(1)
A District credit union may compensate an officer, director, or committee member for the member's services to the District credit union.
(2)
Life, health, accident, and similar insurance protection provided by a District credit union to an officer, director, or committee member shall not be considered compensation.
(b)
A District credit union may reimburse directors, officers, and committee members for necessary expenses incidental to the performance of the official business of the District credit union.
Collected 2026-08-29T05:44:07Z. Source file · JSON