State Codes and Statutes
Statutes > Idaho > Title26 > T26ch21 > T26ch21sect26-2115BANKS AND BANKING
CHAPTER 21
IDAHO CREDIT UNION ACT
26-2115. Officers. (1) Within ten (10) days following the organizational meeting and each annual meeting, the directors shall elect from their own number a chairman of the board, one (1) or more vice-chairmen, and a secretary. They shall also elect any other officers that are specified in the bylaws.
(2) The terms of the officers shall be one (1) year, or until their successors are chosen and have been duly qualified. The chairman and secretary shall execute a certificate of election, on a form approved by the department of finance, which shall set forth the names and addresses of the officers, directors, and committee members elected or appointed. One (1) copy of the certificate of election shall be filed with the department of finance within ten (10) days after such election or appointment.
(3) The duties of the officers and committees shall be prescribed in the bylaws.
(4) The board of directors shall appoint a president to act as the chief executive officer of the credit union and be in active charge of its operations.
(5) Notwithstanding any other provision of this chapter, a credit union may use any titles it chooses for the officials holding the positions described in this section, as long as such titles are not misleading.
