Ohio Code § 1733.20
Ohio Code § 1733.20. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1733.20.
(A) The officers of the credit union shall consist of a president, a secretary, a treasurer,
and, if desired, a chairman of the board, a vice chairman of the board, one or more
vice-presidents, and such other officers and assistant officers as is provided for
in the regulations, bylaws, or by resolution of the board of directors. The officers shall be elected by directors. The chairman and vice chairman of the board of directors shall be directors. Unless the articles or regulations otherwise provide, none of the other officers
need be a director. (B) Any two offices may be held by the same person, but no officer shall execute, acknowledge,
or verify any instrument in more than one capacity if such instrument is required
by law or by the articles, regulations, or bylaws, to be executed, acknowledged, or
verified by two or more officers. (C) Unless the articles or regulations otherwise provide, all officers shall be elected
annually. (D) Any officer may be removed, with or without cause, by the directors without prejudice
to the contract rights of such officer. The election or appointment of an officer for a given term, or a general provision
in the articles, regulations, or bylaws with respect to term of office, shall not
be deemed to create contract rights. (E) Except with the written consent of the superintendent of credit unions, no person
shall serve as an officer of a credit union, if the person is convicted of a felony
or any criminal offense involving dishonesty or a breach of trust. (F) A credit union shall not retain the services of a person who is presently serving
as a senior management official of another credit union, unless either of the following
conditions has been met: (1) If the person presently serves as a senior management official of a credit union
having assets of less than five million dollars, the credit union, prior to retaining
the person's services, notifies the superintendent in writing that it intends to appoint
the person to a position of a senior management official. (2) If the person presently serves as a senior management official of a credit union
having assets of five million dollars or more, the credit union has obtained the approval
of the superintendent to appoint the person to a position of a senior management official.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1733.20
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1733.20?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1733.20 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1733.20 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.