(a) At its first meeting after the annual meeting of the members, the board of directors shall elect from its membership the executive officers of the credit union.
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Terms Used In Alaska Statutes 06.45.110

  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(b) An executive officer, other than the treasurer, may not be compensated as an officer.
(c) The offices of secretary and treasurer may be held by the same person.
(d) The duties of the officers are determined by the bylaws.
(e) The treasurer shall give bond with good and sufficient surety, in an amount and character to be determined by the board of directors in compliance with regulations adopted by the commissioner.
(f) The board of directors shall appoint a president to act as chief executive officer of the credit union and to be actively in charge of the operations of the credit union.
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