H.P. 1390 - L.D. 1943
An Act to Repeal the Residency Requirement for Credit Union Directors
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 9-B MRSA §842, sub-§1, ¶A, as enacted by PL 1975, c. 500, §1, is amended to read:
A. The number of directors of a credit union shall may not be less than 5, all of whom must be residents of this State members of the credit union.
Effective June 30, 1998, unless otherwise indicated.
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