§ 7-9-17. Membership officer -- Appointment -- Eligibility -- Function -- Appeals from.  


Latest version.
  • (1) One or more membership officers may be appointed by the board of directors.
    (2) A membership officer may approve applications for membership under conditions prescribed by the board of directors and the bylaws.
    (3) A membership officer shall be appointed from among the members of the credit union.
    (4) A president, vice president, or loan officer may not serve as a membership officer.
    (5) The membership officer authorized to approve membership shall submit to the board of directors at each monthly meeting a list of approved or pending applications for membership received since the previous monthly meeting, and other related information as the board or the bylaws may require.
    (6) A person denied membership by a membership officer may appeal the denial to the board of directors.
Enacted by Chapter 16, 1981 General Session