§848. Amendment of bylaws and charter
1.
Procedure.
Amendments of the bylaws may be adopted, and amendments of the charter requested, by the affirmative vote of 2/3 of the members of the board of directors at any duly held meeting thereof, if the members of the board have been given at least 7 days' notice of said meeting and the notice has contained a copy of the proposed amendment or amendments.
[PL 1975, c. 500, §1 (NEW).]
2.
Superintendent's approval.
No amendments to the bylaws or charter of a credit union shall become effective without the written approval of the superintendent.
[PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW).