1998 Florida Code
TITLE XXXVIII BANKS AND BANKING
Chapter 657 Credit Unions
PART I GENERAL PROVISIONS (ss. 657.001-657.068)
657.0061 Amendments to bylaws.
657.0061 Amendments to bylaws.--
(1) All bylaw amendments must be submitted to the department. The department shall approve or disapprove bylaw amendments within 60 days after receipt. The department shall approve the proposed bylaw amendment unless it finds that the amendment:
(a) Is not in the best interest of the membership;
(b) Is not in accord with sound credit union practices; or
(c) Exposes the assets of the credit union to unnecessary risks.
(2) The department may, by rule, allow certain bylaw amendments that are ministerial in nature to become effective immediately upon filing with the department.
History.--s. 80, ch. 92-303.
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