657.0061 Amendments to bylaws.—
(1) All bylaw amendments must be submitted to the office. The office shall approve or disapprove bylaw amendments within 60 days after receipt. The office shall approve the proposed bylaw amendment unless it finds that the amendment:
(a) Is not in the best interest of the membership;
(b) Is not in accord with sound credit union practices;
(c) Exposes the assets of the credit union to unnecessary risks; or
(d) Is not in compliance with applicable statutes or rules.
(2) The commission may, by rule, allow certain bylaw amendments that are ministerial in nature to become effective immediately upon filing with the office.
History.—s. 80, ch. 92-303; s. 1742, ch. 2003-261; s. 9, ch. 2005-181.
Section: Previous 657.001 657.002 657.003 657.005 657.0061 657.008 657.021 657.022 657.023 657.024 657.026 657.0265 657.027 657.028 657.031 NextLast modified: September 23, 2016