Reading Room Document

Interim Directors of the National Consumer Cooperative Bank

The document discusses the appointment of interim directors to the National Consumer Cooperative Bank and the qualifications required for these appointments. The conclusion reached is that interim directors, like regular directors, serve until their successors have been appointed and qualified. The document also concludes that interim directors appointed from the general public must be qualified in the same manner as regular appointees. The questions presented for review include the status of interim directors and their qualifications, with the document providing a detailed analysis of the statutory language and legislative history to reach these conclusions.

May 22, 1981