085-1 Wyo. Code R. § 1-9

Current through April 27, 2019
Section 1-9 - Board of Directors Meeting

a. The Board of Directors shall meet at the call of the chairman, the secretary or upon request of the majority of its members in accordance with W.S. 16-4-401 through 16-4-407, Public Meetings, and in accordance with W.S. W.S. 9-12-103 (d).

b. The Board of Directors shall conduct application reviews at a public meeting with a quorum of the Board of Directors. Board members may be physically present or participate through tele- or video conference. Loans shall be approved by a majority, affirmative vote of the members of the Board of Directors voting on the matter. The Board of Directors reserves the right to go into Executive Session should it determine matters to be discussed are proprietary or confidential in nature.

c. The Board of Directors shall reserve the right to vote on requests for changes in loan commitments, internal policy matters, or other similar internal business affairs of the Board of Directors, by tele- or video conference. Minutes will be kept of the tele- or videoconference discussion and the vote duly recorded and made part of the minutes.

d. The Board of Directors reserves the right to declare a moratorium upon the acceptance of applications.

085-1 Wyo. Code R. § 1-9