The supervisory committee, by a majority vote, may, after written notice of its intended action is first given to the board of directors, and the Department, call a special meeting of the members to consider any violation of this Act, the credit union's articles of incorporation or bylaws, or any practice of the credit union deemed by the supervisory committee to be unsafe or unauthorized.
205 ILCS 305/36
Calling of special meetings
Known as the Illinois Credit Union Act
The act spans §§ 205-305-1 to 205-305-9-1 (91 sections).
P.A. 97-133, eff. 1-1-12.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.