Bylaws.

CFR · 2024-01-01 · US · Title 12

(a) (b) The following requirements are applicable to mutual holding companies: (1) (2) (3) (4) (5) (6) (7) (i) A list of depositors in or borrowers from the subsidiary savings association; (ii) Their addresses; (iii) Individual deposit or loan balances or records; or (iv) Any data from which such information could be reasonably constructed. (8) (9) (10) (ii) All officers and agents of the mutual holding company, as between themselves and the mutual holding company, shall have such authority and perform such duties in the management of the mutual holding company as may be provided in the bylaws, or as may be determined by resolution of the board of directors not inconsistent with the bylaws. In the absence of any such provision, officers shall have such powers and duties as generally pertain to their respective offices. Any officer may be removed by the board of directors with or without cause, but such removal, other than for cause, shall be without prejudice to the contractual rights, if any, of the officer so removed. (iii) Any indemnification provision must provide that any indemnification is subject to applicable Federal law, rules, and regulations. (11) (12) (i) By resolution, to appoint from among its members and remove an executive committee and one or more other committees, which committee[s] shall have and may exercise all the powers of the board between the meetings or the board; but no such committee shall have the authority of the board to amend the charter or byl

official document · source cfr-2024 · id 12:§ 239.15