SECTION 657.0061. Amendments to bylaws.

Latest version.

1(1) 2All bylaw amendments must be submitted to the office. The office shall approve or disapprove bylaw amendments within 60 days after receipt. The office shall approve the proposed bylaw amendment unless it finds that the amendment:
38(a) 39Is not in the best interest of the membership;
48(b) 49Is not in accord with sound credit union practices;
58(c) 59Exposes the assets of the credit union to unnecessary risks; or
70(d) 71Is not in compliance with applicable statutes or rules.
80(2) 81The commission may, by rule, allow certain bylaw amendments that are ministerial in nature to become effective immediately upon filing with the office.

History.-s. 80, ch. 92-303; s. 1742, ch. 2003-261; s. 9, ch. 2005-181.

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Cited by Court Cases:

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