Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 4. CREDIT UNIONS |
Article 5. Direction of Affairs |
Sec 6-533. Compensation of officials
Latest version.
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An officer, director or committee member, other than an employee, may not be compensated for services, except that reasonable life, health, accident and similar insurance protection is not considered compensation. Directors, officers and committee members may be reimbursed for necessary personal expenses incidental to the performance of official business of the credit union.