New York Banking Law Section 481 - Communications from department of financial services must be submitted to directors and supervisory committee, and noted in the minutes.

  481.  Communications  from department of financial services must be
  submitted to directors and  supervisory  committee,  and  noted  in  the
  minutes.  Every official communication as defined in article two of this
  chapter directed to a credit union shall be submitted to both the  board
  of  directors  and the supervisory committee at the next meeting of each
  such board or committee and duly noted in the minutes of the meeting  of
  such board or committee.

Last modified: February 3, 2019