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Idaho · Through 2026 Legislative Session

Idaho Code § 26-2121B: SUSPENSION OF MEMBERS OF THE BOARD BY SUPERVISORY COMMITTEE — FOR CAUSE.

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Where this section sits in the code
  1. TITLE 26 BANKS AND BANKING
  2. CHAPTER 21 IDAHO CREDIT UNION ACT

(1) The supervisory committee may, for cause, suspend a member of the board, until a special membership meeting called for that purpose is held in accordance with the requirements of section 26-2113B, Idaho Code. The members participating in that meeting shall vote whether to remove the suspended person or persons.

(2) For purposes of this section, "cause" means demonstrated financial irresponsibility, a breach of fiduciary duty to the credit union, or activities which, in the judgment of the supervisory committee, create a material risk to the credit union.

Collected 2026-09-04T12:18:59Z. Source file · JSON

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