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Idaho · Through 2026 Legislative Session

Idaho Code § 26-2121C: SUSPENSION OF MEMBERS OF the BOARD OR SUPERVISORY COMMITTEE BY BOARD — 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 board may, for cause, suspend a member of the board or a member of the supervisory committee until a special membership meeting, called for that purpose, is held. The membership meeting must be held within ninety (90) days after the suspension. The members attending the meeting shall vote whether to remove a suspended party.

(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 board, create a material risk to the credit union.

Collected 2026-09-04T12:19:04Z. Source file · JSON

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