N.Y. Banking Law Section 469
Vacancies

  • change in number of directors

1.

Vacancies in the board of directors, supervisory committee, or the credit committee, occasioned by resignations, deaths or other causes shall be reported by each credit union to the superintendent within ten days after the event; and the credit union shall likewise report the filling of each such vacancy with the name, address and occupation of the person elected and the name of the person whose place he is to fill.

2.

The number of directors may be changed within the limits provided in subdivision four of § 451 (Proposed bylaws)section four hundred fifty-one of this article by amendment of the bylaws.

Source: Section 469 — Vacancies; change in number of directors, https://www.­nysenate.­gov/legislation/laws/BNK/469 (updated Sep. 22, 2014; accessed Apr. 13, 2024).

450
Incorporation
450–A
Designation of low income credit union
450–B
Designation of student branches
451
Proposed bylaws
451–A
Qualifications for membership
452
When corporate existence begins
453
Corporate credit unions
454
General powers
455
Trust powers
456
Limitations upon powers
457
Capital
458–A
Maintenance of reserves
459
Allowance for loan loss
460
Dividends to shareholders
461
Change of location
462
Foreign credit unions
463
Exemptions and individual liability of shareholders
464
Manner of withdrawal
465
Withdrawal of shares after voting to liquidate
466
Meetings of shareholders
467
Qualifications and disqualifications of directors and committee members
468
Oaths of directors, officers and members of committees
469
Vacancies
470
Powers and duties of directors
471
Duty of directors and officers
472
Special duties of directors
473
Loan officers, credit committee
474
Loan reports to directors
475
Supervisory committee
476
Officers
477
Retirement and insurance benefits for officers and employees
478
Amendment of bylaws
479
Credit union not liable for taxation
480
Fiscal year
481
Communications from department of financial services must be submitted to directors and supervisory committee, and noted in the minutes
482
Reports to superintendent
483
Penalty for loans to non-members
484
Penalty for use of term “credit union”
485
Entries in books
486
Conversion of a federal credit union into a state credit union
486–A
Retention of special additional mortgage recording tax exemption for converted federal credit unions
487
Conversion of a credit union into a federal credit union
487–A
Conversion of a credit union into a mutual savings bank

Accessed:
Apr. 13, 2024

Last modified:
Sep. 22, 2014

§ 469’s source at nysenate​.gov

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