N.Y. Banking Law § 481: Communications from department of financial services must be submitted to directors and supervisory committee, and noted in the minutes

§ 481. Communications from department of financial services must be

submitted to directors and supervisory committee, and noted in the

minutes. Every official communication as defined in article two of this

chapter directed to a credit union shall be submitted to both the board

of directors and the supervisory committee at the next meeting of each

such board or committee and duly noted in the minutes of the meeting of

such board or committee.