S.C. Code Regs. § § 15-43
Current through Register Vol. 48, 12, December 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.
S.C. Code Regs. § 15-43
Statutory Authority: 1976 Code Section 34-1-110