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§ 6-531 Authority and responsibility of directors; voting

AZ Rev Stat § 6-531 (2019) (N/A)
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6-531. Authority and responsibility of directors; voting

A. The board of directors has the authority and responsibility for directing the business affairs, monies and records of the credit union.

B. Except as provided in section 6-543, 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.

C. The board of directors shall meet at least ten times during each calendar year in ten different months.

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