Compensation not allowed for board of directors — approval of other..
Effective: 28 Aug 1982; (RSMo 1939 § 5529, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099)
1. No member of the board of directors or of the credit or supervisory committees shall receive any compensation for his services as a member of the board or committee.
2. No salary shall be paid any officer or other employee of a credit union except such as may have been duly approved by the board of directors.
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.