Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 4. CREDIT UNIONS |
Article 5. Direction of Affairs |
Sec 6-531. Authority and responsibility of directors; voting
Latest version.
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A. The board of directors has the authority and responsibility for directing the business affairs, monies and records of the credit union.
B. Directors may not vote by proxy, absentee ballot or mail ballot but may vote by telephone conference if all directors present can speak to and be heard by the other directors during the telephone conference.