South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 2 - COOPERATIVE CREDIT UNIONS
Section 15-43 - Executive Committee
Universal Citation: SC Code Regs 15-43
Current through Register Vol. 48, No. 9, September 27, 2024
The Board of Directors of a State chartered credit union may appoint an executive committee of not less than three directors to exercise such authority as may be delegated to it subject to such limitations as may be prescribed by the Board. All actions of the executive committee shall be approved and confirmed by the Board at the next meeting.
Credit unions shall amend their by-laws to implement this regulation if they wish to appoint an executive committee.
Statutory Authority: 1976 Code Section 34-1-110
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