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|---|---|---|---|
| 1 | 1 | 1 of 1 | |
| 2 | 2 | SENATE DOCKET, NO. 1270 FILED ON: 1/16/2025 | |
| 3 | 3 | SENATE . . . . . . . . . . . . . . No. 821 | |
| 4 | 4 | The Commonwealth of Massachusetts | |
| 5 | 5 | _________________ | |
| 6 | 6 | PRESENTED BY: | |
| 7 | 7 | Pavel M. Payano | |
| 8 | 8 | _________________ | |
| 9 | 9 | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General | |
| 10 | 10 | Court assembled: | |
| 11 | 11 | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: | |
| 12 | 12 | An Act allowing fair compensation of Massachusetts credit union directors. | |
| 13 | 13 | _______________ | |
| 14 | 14 | PETITION OF: | |
| 15 | 15 | NAME:DISTRICT/ADDRESS :Pavel M. PayanoFirst Essex 1 of 1 | |
| 16 | 16 | SENATE DOCKET, NO. 1270 FILED ON: 1/16/2025 | |
| 17 | 17 | SENATE . . . . . . . . . . . . . . No. 821 | |
| 18 | 18 | By Mr. Payano, a petition (accompanied by bill, Senate, No. 821) of Pavel M. Payano for | |
| 19 | 19 | legislation to allow fair compensation of Massachusetts credit union directors. Financial | |
| 20 | 20 | Services. | |
| 21 | 21 | The Commonwealth of Massachusetts | |
| 22 | 22 | _______________ | |
| 23 | 23 | In the One Hundred and Ninety-Fourth General Court | |
| 24 | 24 | (2025-2026) | |
| 25 | 25 | _______________ | |
| 26 | 26 | An Act allowing fair compensation of Massachusetts credit union directors. | |
| 27 | 27 | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority | |
| 28 | 28 | of the same, as follows: | |
| 29 | 29 | 1 SECTION 1. Section 20 of Chapter 171 of the General Laws is hereby amended by | |
| 30 | 30 | 2striking out the first sentence and inserting in place thereof the following sentence:- Any credit | |
| 31 | 31 | 3union may compensate each of the members of the board of directors for his or her services as a | |
| 32 | 32 | 4member of the board or any committee thereof a sum that may, from time to time, be fixed by | |
| 33 | 33 | 5the members at an annual meeting. | |
| 34 | 34 | 6 SECTION 2. This act shall take effect upon its passage. |