Dave Marsden
- Democratic
- Senator
- District 35
Primary
Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813.
Credit unions; director compensation. Providesthat compensation of members of a credit union's board of directorsand members of the credit and supervisory committees, including reimbursementfor business-related travel, shall be determined by a written policyapproved by the board of directors. The measure removes the existingprohibition on compensating members of a credit union's board ofdirectors for services as a member of the board.
Approved by Governor-Chapter 547 (effective 7/1/20)
Governor's Action Deadline 11:59 p.m., April 11, 2020
Enrolled Bill Communicated to Governor on March 12, 2020
Signed by President
Signed by Speaker
Impact statement from SCC (SB296ER)
Enrolled
VOTE: Block Vote Passage (100-Y 0-N)
Passed House BLOCK VOTE (100-Y 0-N)
Read third time
Read second time
Reported from Labor and Commerce (20-Y 0-N)
Read first time
Placed on Calendar
Referred to Committee on Labor and Commerce
Impact statement from SCC (SB296S1)
Read third time and passed Senate (39-Y 0-N)
Engrossed by Senate - committee substitute SB296S1
Read second time
Committee substitute agreed to 20106137D-S1
Reading of substitute waived
Constitutional reading dispensed (40-Y 0-N)
Reported from Commerce and Labor with substitute (15-Y 0-N)
Committee substitute printed 20106137D-S1
Impact statement from SCC (SB296)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; offered 01/08/20 20102695D
| Bill Text Versions | Format |
|---|---|
| Impact statement from SCC (SB296) | HTML |
| Engrossed by Senate - committee substitute SB296S1 | HTML |
| Bill text as passed Senate and House (SB296ER) | HTML |
| Acts of Assembly Chapter text (CHAP0547) | HTML |
| Document | Format |
|---|---|
| No related documents. |
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