Laws of New York (Last Updated: November 21, 2014)

Section 481. Communications from banking department must be submitted to directors and supervisory committee, and noted in the minutes

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Every  official  communication  as  defined  in  article  two  of  this chapter
  directed to a credit union shall be  submitted  to  both  the  board  of
  directors and the supervisory committee at the next meeting of each such
  board  or committee and duly noted in the minutes of the meeting of such
  board or committee.

                    
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