New Hampshire SB487 allows credit unions to pay board members for their services.
New Hampshire SB487 amends the Revised Statutes of New Hampshire to allow credit unions to pay members of the board of directors, credit committee, and supervisory committee for their services. The compensation amount can be set by the credit union members at an annual meeting. The bill also ensures that no officers, directors, or employees receive additional compensation beyond their regular pay. This act will take effect 60 days after its passage.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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