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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 370

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  370.165.  Effective date of notice of suspension. — A notice of suspension or order of removal issued under this chapter shall become effective immediately but any director, officer, or other person concerned may, within thirty days of service of any notice of suspension or order of removal, request, in writing, an opportunity to appear before the director to show that the continued service to or participation in the conduct of the affairs of the credit union by such individual does not, or is not likely to, pose a threat to the interests of the credit union's depositors or threaten to impair public confidence in the credit union.

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(L. 2011 S.B. 306)


---- end of effective   28 Aug 2011 ----

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