2010 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
6-531 Authority and responsibility of directors; voting
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6-531. Authority and responsibility of directors; voting A. The board of directors has the authority and responsibility for directing the business affairs, monies and records of the credit union. B. Directors may not vote by proxy, absentee ballot or mail ballot but may vote by telephone conference if all directors present can speak to and be heard by the other directors during the telephone conference. |
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