Current through codified legislation effective September 18, 2024
Section 26-505.04 - Vacancies(a) A seat on a District credit union's board of directors or on one of the District credit union's committees will be considered vacant if a board or committee member: (1) Resigns from his or her position on the board or committee;(2) Is removed from the board or committee;(3) Is unable to carry out his or her duties as a board or committee member; or(4) Is made ineligible by operation of law.(b) The board of directors shall fill any vacancies occurring on the board or on any board-appointed committee from among the District credit union's natural person members.May 6, 2020, D.C. Law 23-86, § 504, 67 DCR 3476.