Section 230-RICR-40-05-4.2 - PurposeA. The purpose of this regulation is to provide for: credit union by-law content and amendment procedures pursuant to R.I. Gen. Laws § 19-5-4; a definition for qualified individuals for credit union supervisory committee membership pursuant to R.I. Gen. Laws § 19-5-9; requirements of loans to credit union officers and directors pursuant to R.I. Gen. Laws § 19-5-17; and, destruction of records programs for credit unions pursuant to R.I. Gen. Laws § 19-5-21. The actions and information required by this regulation are hereby declared to be necessary and appropriate in the public interest.230 R.I. Code R. 230-RICR-40-05-4.2