Suspension of directors, officers, and credit committee members

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Credit Unions
  5. Formation, Organization, and Powers.
  6. Officials and Officers.
  7. Suspension of directors, officers, and credit committee members

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    (a)    A board may call a special meeting of the members to act on a report or recommendation of the supervisory committee that concerns the suspension from office of a member of the credit committee, a director, or an officer.

    (b)    The notice of the special meeting shall be given within 7 days after the board receives the report or recommendation.


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