A credit union may pay to the credit union’s directors, supervisory committee members or members of other committees established by the board of directors or pursuant to bylaws reasonable compensation for service as directors or committee members. A credit union may reimburse directors or committee members while the directors or committee members are on official business for necessary expenses incidental to performing the official business.
ORS 723.266
Known as the Oregon Credit Union Act
The act spans §§ 723–723 (180 sections).
1975 c.652 §28; 1991 c.635 §8; 2015 c.458 §3; 2023 c.57 §3
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.