RCW 31.12.065
301 words·~1 min read·
/wa/title-31/chapter-31-12/31-12-065·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Persons applying for the organization of a credit union shall adopt bylaws that prescribe the manner in which the business of the credit union shall be conducted. The bylaws shall include:
(a)The name of the credit union;
(b)The field of membership of the credit union;
(c)Reasonable qualifications for admission as a member of the credit union, and the procedures for expelling a member;
(d)The number of directors and supervisory committee members, and the length of terms they serve and the permissible term length of any interim director or supervisory committee member;
(e)Any qualification for eligibility to serve on the credit union's board or supervisory committee;
(f)The number of credit union employees that may serve on the board, if any;
(g)The frequency of regular meetings of the board and the supervisory committee, and the manner in which members of the board or supervisory committee will be notified of meetings;
(h)The timing of the annual membership meeting;
(i)The manner in which members may call a special membership meeting;
(j)The manner in which members will be notified of membership meetings;
(k)The number of members constituting a quorum at a membership meeting;
(l)Provisions, if any, for the indemnification of directors, supervisory committee members, officers, employees, and others by the credit union, if not included in the articles of incorporation; and
(m)Any other provision which is not inconsistent with this chapter.
(2)Applicants shall submit the bylaws in duplicate to the director.
[ 2017 c 61 s 3 ; 2001 c 83 s 2 ; 1997 c 397 s 7 . Prior: 1994 c 256 s 72 ; 1994 c 92 s 180 ; 1984 c 31 s 8 .]
Notes:
Findings — Construction — 1994 c 256: See RCW 43.320.007 .