N.C. Gen. Stat. § 54-109.38
Compensation of officials
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
No member of the board of directors or of the credit committee or supervisory committee shall be compensated for his service in this position, but providing reasonable life, health, accident and similar insurance protection for a director or committee member shall not be considered compensation. Directors and committee members, while on official business of the credit union, may be reimbursed for necessary and reasonable expenses incidental to the performance of the business. Such reimbursement may include the payment of expenses for one guest.
No member of the board of directors or of the credit committee or supervisory committee shall be compensated for his service in this position, but providing reasonable life, health, accident and similar insurance protection for a director or committee member shall not be considered compensation. Directors and committee members, while on official business of the credit union, may be reimbursed for necessary and reasonable expenses incidental to the performance of the business. Such reimbursement may include the payment of expenses for one guest.
History
(1975, c. 538, s. 1; 2015-93, s. 5.)
Effect of Amendments. - Session Laws 2015-93, s. 5, effective June 19, 2015, inserted "and reasonable" in the second sentence; and added the last sentence.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.