Compensation not allowed for board of directors - approval of other ...
Mo. Rev. Stat. § 370.210
in effect370.210. Compensation not allowed for board of directors — approval of other salaries required. — 1. No member of the board of directors or of the credit or supervisory committees shall receive any compensation for his services as a member of the board or committee.
2. No salary shall be paid any officer or other employee of a credit union except such as may have been duly approved by the board of directors.
(RSMo 1939 § 5529, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099) Prior revision: 1929 § 5087
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=370.210Fetched: 10/17/2026