533.209A Prohibited relationships.
64 words·~1 min read·
/ia/chapter-533-credit-unions/533-209a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A director shall not be related by consanguinity or affinity within the third degree to any person employed by a state credit union in a senior management position. For purposes of this section, “senior management position” includes a state credit union’s chief executive officer, president, or manager; assistant chief executive officer, assistant president, vice president, or assistant manager; or chief financial officer or treasurer.