Section 6-330 - Officers. - Maryland Statutes

§ 6-330. Officers.
 

(a)  Elections.- Within 15 days after the annual meeting of the members and after the directors-elect have qualified, the board shall meet and elect the officers of the credit union. 

(b)  Term.- Unless the bylaws provide otherwise: 

(1) Each officer serves for a term of 1 year and until a successor is elected and qualifies; and 

(2) The president shall be the chief executive officer who shall be responsible for the day to day operations of the credit union. 

(c)  Removal.- Subject to the provisions of an enforceable employment contract, if any, the board may remove an officer at any time. 
 

[CA § 6-317; 1980, ch. 33, § 2; ch. 318; 2001, ch. 147, § 1; ch. 148, § 1.]