32-3-405. Vacancies. (1) The board of directors shall fill any vacancies occurring in the board within 60 days. An individual appointed to fill a vacancy shall serve until successors elected at the next annual meeting have qualified or as provided in the bylaws.
(2) The board shall also fill vacancies in the credit and supervisory committees within 60 days or as provided in the bylaws.
History: En. 14-624 by Sec. 24, Ch. 38, L. 1975; R.C.M. 1947, 14-624; amd. Sec. 7, Ch. 317, L. 2015.
Structure Montana Code Annotated
Title 32. Financial Institutions
Part 4. Operation and Officers
32-3-403. Election or appointment of officials
32-3-404. Record of board and committee members
32-3-406. Compensation of officials
32-3-407. Conflicts of interest
32-3-409. Authority of directors
32-3-411. Meetings of board of directors and committees
32-3-416. Credit committee or credit manager duties
32-3-418. Suspension and removal of officials
32-3-419. Calling of special meeting