Credit unions; board of directors compensation. (SB296)

Introduced By

Sen. Dave Marsden (D-Burke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. Read the Bill »

Status

02/18/2020: In Committee

History

DateAction
01/03/2020Prefiled and ordered printed; offered 01/08/20 20102695D
01/03/2020Referred to Committee on Commerce and Labor
01/07/2020Impact statement from SCC (SB296)
01/20/2020Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
01/20/2020Committee substitute printed 20106137D-S1
01/22/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/23/2020Read second time
01/23/2020Reading of substitute waived
01/23/2020Committee substitute agreed to 20106137D-S1
01/23/2020Engrossed by Senate - committee substitute SB296S1
01/24/2020Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/30/2020Impact statement from SCC (SB296S1)
02/18/2020Placed on Calendar
02/18/2020Read first time
02/18/2020Referred to Committee on Labor and Commerce

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