 |
Washington Administrative Code (Last Updated: November 23, 2016) |
 |
Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
|
Chapter 208-424. Regulatory relief for small credit unions. |
Section 208-424-020. Timing of special membership meetings of small credit unions.
Latest version.
- In regard to timing of special membership meetings, the last sentence of RCW 31.12.195(3) states:"The designated time of the membership meeting must be no sooner than twenty, and no later than thirty days after the request is received by the secretary."A small credit union may vary from the last sentence of RCW 31.12.195(3) as provided in its bylaws, as long as it is a small credit union at the time the request for a special membership meeting is received by the secretary. However, the designated time of the special membership meeting must be no sooner than ten, and no later than one hundred twenty days, after the request is received by the secretary. In all other respects, a small credit union must comply with RCW 31.12.195.[Statutory Authority: RCW 31.12.516 (2), (3), (4), 43.17.060, 43.320.040. WSR 02-14-038, § 208-424-020, filed 6/26/02, effective 7/27/02.]
RCW 31.12.516 (2), (3), (4), 43.17.060, 43.320.040. WSR 02-14-038, § 208-424-020, filed 6/26/02, effective 7/27/02.