Allows Massachusetts credit unions to compensate their board of directors fairly.
This bill amends the General Laws of Massachusetts to allow credit unions to compensate their board of directors. Previously, compensation was not allowed, but now credit unions can set compensation for board members at annual meetings. This change aims to ensure fair compensation for those serving on credit union boards.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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