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Financial Services Law Insights and Observations

Kansas Department of Credit Unions issues guidance on postponement of annual meetings

State Issues Kansas Credit Union Covid-19

State Issues

On March 16, the Kansas Department of Credit Unions issued a bulletin providing that credit union boards of directors have the discretion to postpone the annual meeting indefinitely based on the Kansas governor’s state of disaster emergency declaration. The board should contact legal counsel to determine the appropriate procedures to be implemented for such meetings.