Idaho Code § 26-2121B

Current through the 2024 Regular Session
Section 26-2121B - SUSPENSION OF MEMBERS OF THE BOARD BY SUPERVISORY COMMITTEE - FOR CAUSE
(1) The supervisory committee may, for cause, suspend a member of the board, until a special membership meeting called for that purpose is held in accordance with the requirements of section 26-2113B, Idaho Code. The members participating in that meeting shall vote whether to remove the suspended person or persons.
(2) For purposes of this section, "cause" means demonstrated financial irresponsibility, a breach of fiduciary duty to the credit union, or activities which, in the judgment of the supervisory committee, create a material risk to the credit union.

Idaho Code § 26-2121B

[26-2121B, added 2018, ch. 165, sec. 18, p. 336.]
Added by 2018 Session Laws, ch. 165,sec. 18, eff. 7/1/2018.