Bill
Bill > H1077
MA H1077
Relative to the board of directors of the Massachusetts Credit Union Share Insurance Corporation
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/04/2021
01/04/2021
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the board of directors of the Massachusetts Credit Union Share Insurance Corporation. Financial Services.
AI Summary
This bill amends the law governing the board of directors of the Massachusetts Credit Union Share Insurance Corporation. It specifies that the board shall have between 9 and 15 members, with at least 6 and no more than 11 directors elected from the member credit unions, and 3 or 4 "outside directors" elected from a list of nominees who have relevant expertise but are not affiliated with the member credit unions or other financial institutions. The bill also outlines the process for electing and removing directors, and allows the board to adopt rules and regulations subject to approval by the commissioner.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
New draft substituted, see H5230 (on 01/04/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1077 |
| Bill | https://malegislature.gov/Bills/191/H1077.pdf |
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