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MA S821
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Pavel Payano
Click for details
AI Summary
- Amends Section 20 of Chapter 171 of the General Laws to allow Massachusetts credit unions to compensate board of directors members for their service
- Compensation applies to service on the board or any committee of the board
- Compensation amounts would be determined by credit union members at annual meetings, with flexibility to adjust "from time to time"
- Takes effect immediately upon passage
- Sponsored by Senator Pavel M. Payano (First Essex) and referred to Financial Services Committee
Legislative Description
Allowing fair compensation of Massachusetts credit union directors
Last Action
Bill reported favorably by committee and referred to the committee on Senate Rules
1/15/2026
Committee Referrals
Rules1/15/2026
Financial Services2/27/2025
Full Bill Text
No bill text available