54-109.42. Executive committee.
From the persons elected to the board, the board may appoint an executive committee of not less than three directors who may be authorized to act for the board in all respects, subject to such conditions and limitations as are prescribed by the board. (1975, c. 538, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54 - Cooperative Organizations
Article 14E - Direction of Affairs.
§ 54-109.35 - Election or appointment of officials.
§ 54-109.36 - Record of board and committee members.
§ 54-109.38 - Compensation of officials.
§ 54-109.39 - Conflicts of interest.
§ 54-109.40 - Executive officers.
§ 54-109.41 - Authority of directors.
§ 54-109.42 - Executive committee.
§ 54-109.43 - Meetings of directors.
§ 54-109.44 - Duties of directors.
§ 54-109.45 - Authority of credit committee.
§ 54-109.46 - Meetings of credit committee.