Data Source:Laws and Regulations Retrieving System of the Banking Bureau
Title:
Regulations Governing the Qualifications and Election/Appointment of Membership Representatives, Directors, Supervisors and Managerial Officers of Credit Cooperatives (2020.10.26 Modified)
Chapter 5 Appointment and Dismissal
Article 49
The appointment of the president and vice president of a credit cooperative shall be recommended by at least two directors and consented by a majority of the board of directors.
Article 50
The dismissal of the president and vice president of a credit cooperative during their term of office must be consented by at last two thirds of all incumbent directors.