Nonstandard Bylaw Amendment

98-0702 / July 1998
Nonstandard Bylaw Amendment

SSIC 6100

TO: [redacted]

FROM: Sheila A. Albin, Associate General Counsel

You have asked for our comments on [redacted] Federal Credit Union’s (the FCU’s) request for a nonstandard bylaw amendment to Article VII, Section 4 of the Federal Credit Union Bylaws. The FCU wishes to specify in its bylaws the day the regular board meeting will be held and that, if the regular meeting is rescheduled, a board member that misses it will not be recorded as absent from a regular board meeting. We have no legal objection to the proposal.


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