1. (a) A state credit union seeking to amend its bylaws shall file an application with the commissioner in writing requesting authorization to amend by providing:

   1. (1) A certified copy of the current bylaws conspicuously labeled “Current Bylaws”;
   2. (2) An annotated copy of the proposed amended bylaws clearly setting forth the deletions and additions to the current bylaws conspicuously labeled “Annotated Bylaws”; and
   3. (3) A certified copy of the vote of the state credit union’s board of directors authorizing the amendment.

2. (b) The commissioner shall approve an application and the proposed amendments if the bylaws:

   1. (1) Comply with the applicable provisions of RSA 383-A and 383-E; and
   2. (2) Are approved in accordance with Ban 1107.02, if seeking a change in membership qualifications.
3. (c) Upon receipt of the commissioner’s approval of the bylaw amendment application, the state credit union shall provide the commissioner with a certified copy of the revised bylaws.

Source. #8486, eff 11-11-05; ss by #10524, eff 2-20-14; ss by #13993, eff 6-1-24