LegalFix
Sign In

Section 370.210 Compensation not allowed for board of directors — approval of other salaries required.

MO Rev Stat § 370.210 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 1982

370.210. Compensation not allowed for board of directors — approval of other salaries required. — 1. No member of the board of directors or of the credit or supervisory committees shall receive any compensation for his services as a member of the board or committee.

2. No salary shall be paid any officer or other employee of a credit union except such as may have been duly approved by the board of directors.

­­--------

(RSMo 1939 § 5529, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099)

Prior revision: 1929 § 5087

Previous Section
Section 370.200 Duties of board.
Next Section
Section 370.220 Duties of credit committee — credit manager authorized — delegation of loan authority — appeal from decision — extension of credit, when.