(1) All 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:
(a) Is not in the best interest of the membership;
(b) Is not in accord with sound credit union practices;
(c) Exposes the assets of the credit union to unnecessary risks; or
(d) Is not in compliance with applicable statutes or rules.
(2) The 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.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
657.005 - Application for Authority to Organize a Credit Union; Investigation.
657.0061 - Amendments to Bylaws.
657.008 - Place of Doing Business.
657.021 - Board of Directors; Executive Committee Responsibilities; Oaths; Reports to the Office.
657.024 - Membership Meetings.
657.026 - Supervisory or Audit Committee.
657.027 - Credit Committee and Credit Manager.
657.028 - Activities of Directors, Officers, Committee Members, Employees, and Agents.
657.0335 - Additional Power to Restrict Withdrawals.
657.039 - Loan Powers; Extension of Credit to Directors and Certain Others.
657.041 - Insurance; Employee Benefit Plans.
657.042 - Investment Powers and Limitations.
657.053 - Assessments; State Credit Unions.
657.063 - Involuntary Liquidation.
657.064 - Voluntary Liquidation.
657.066 - Conversion From State Credit Union to Federal Credit Union and Conversely.