533.208 Auditing committee. The auditing committee shall perform the following functions:1. Make or cause to be made an examination of the affairs of the state credit union at least annually, including an audit of its financial records. If the auditing committee feels suchaction to be necessary, the auditing committee shall call the members together after the auditand submit to them its report. 2. Make or cause to be made an annual report and submit it at the annual meeting of the members. 3. Suspend by majority vote any officer, director, or member of the auditing committee if the auditing committee deems the action to be necessary to the proper conduct of the statecredit union. The suspension shall be put to a vote of the membership, according to theprovisions of section 533.203. The members may vote to sustain the suspension and removethe officer, director, or member permanently or may vote to reinstate the officer, director, ormember. 4. Call a special meeting of state credit union members by majority vote to consider a matter to be submitted by the auditing committee. 2007 Acts, ch 174, §25; 2012 Acts, ch 1020, §9 Sat Dec 23 01:32:10 2023 Iowa Code 2024, Section 533.208 (20, n members by majority vote to consider a matter to be submitted by the auditing committee. 2007 Acts, ch 174, §25; 2012 Acts, ch 1020, §9 Sat Dec 23 01:32:10 2023 Iowa Code 2024, Section 533.208 (20, 0)
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