32-3-418. Suspension and removal of officials. (1) The supervisory committee by a unanimous vote may suspend any official until the next membership meeting, which must be held not less than 7 or more than 21 days after the suspension. At the meeting, the suspension must be acted upon by the members.
(2) Any member of the supervisory committee may be removed by the board of directors for failure to perform the member's duties in accordance with this chapter, the articles of incorporation, or the bylaws.
History: En. 14-637 by Sec. 37, Ch. 38, L. 1975; R.C.M. 1947, 14-637; amd. Sec. 1047, Ch. 56, L. 2009; amd. Sec. 11, 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