HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 2.59.430 Prev     Up     Next    
Rule Title: DIRECTOR TRAINING
Add to My Favorites
Add to Favorites
Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Credit Unions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

2.59.430    DIRECTOR TRAINING

(1) Training topics and course selection for directors' training must reflect the size and complexity of the business model of the credit union that the directors serve and the depth of understanding needed by the directors to effectively manage the credit union. The training must ensure directors achieve at least the minimum level of competency to enable the directors to exercise appropriate independent business judgment to complement the expertise and business judgment of the credit union's executive officers in matters within the board's authority.

History: 32-3-422, MCA; IMP, 32-3-422, MCA; NEW, 2015 MAR p. 2247, Eff. 12/25/15; TRANS from 2.59.421 & AMD, 2016 MAR p. 720, Eff. 4/23/16.


 

 
MAR Notices Effective From Effective To History Notes
2-59-542 4/23/2016 Current History: 32-3-422, MCA; IMP, 32-3-422, MCA; NEW, 2015 MAR p. 2247, Eff. 12/25/15; TRANS from 2.59.421 & AMD, 2016 MAR p. 720, Eff. 4/23/16.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security