82-1022 / October 1982
FROM: Department of Legal Services
SUBJ: Bylaw Request of (redacted)
- This responds to your memorandum of October 14, 1983, in which you forwarded a request by the subject (redacted) FCU to adopt a by-law amendment assuring that credit unions from New Hampshire and Vermont be represented on the board of directors.
- We Concur with you conclusion that the amendment would not place an unreasonable restriction on member voting rights. Therefore, we would not raise an objection.
JOHN L. OSTBY
By: TODD A. OKUN
Assistant General Counsel