4491

The members of the Board, the supervising, credit or education committees, or the members of any other committee elected by the general assembly shall receive no compensation or remuneration whatsoever for the performance of their duties. However, they may be reimbursed for expenses actually incurred in the performance of their duties, pursuant to the bylaws adopted by the Board of Directors of each cooperative, with the approval of the assembly.\nCooperatives may provide the members of the Board and of the supervising, credit or education committees the necessary insurance so that, while the interests of the cooperative are protected, each one of them is personally protected while performing the duties inherent to their office.\nHistory —Sept. 1, 2004, No. 239, § 18.1.