§ 469. Vacancies; change in number of directors.
107 words·~1 min read·
/ny/banking/credit-unions/469·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 469. Vacancies; change in number of directors. 1. Vacancies in the
board of directors, supervisory committee, or the credit committee,
occasioned by resignations, deaths or other causes shall be reported by
each credit union to the superintendent within ten days after the event;
and the credit union shall likewise report the filling of each such
vacancy with the name, address and occupation of the person elected and
the name of the person whose place he is to fill.
2. The number of directors may be changed within the limits provided
in subdivision four of section four hundred fifty-one of this article by
amendment of the bylaws.