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2019 SESSION

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HB 2706 Credit unions; board of directors compensation.

Introduced by: Lamont Bagby | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees, including reimbursement for business-related travel, shall be determined by a written policy approved by the board of directors. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board.


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