N.D. Cent. Code § 6-06-15

6-06-15. Duties and powers of supervisory committee

The supervisory committee, by a majority vote, may call a special meeting of the members

of the credit union to consider any matter which it wishes to submit to the membership. The

supervisory committee shall:

1. Fill vacancies in the committee's own membership.

2. Make an examination of the affairs of the credit union, including an audit of the credit

union's books, at least annually, and the committee may submit such report to the

members of the credit union at a meeting called for that purpose by the committee

whenever the committee deems such action necessary.

3. Make an annual audit and report and submit the audit and report at the annual

meeting of the credit union.

4. Suspend any officer, director, or member of any committee when by unanimous, not

including the person who is being considered for suspension, vote of the committee,

such action is determined to be necessary to the proper conduct of the credit union,

but upon taking such action, the committee shall call the members of the credit union

together immediately to act on the suspension, and the members at the meeting may

sustain the suspension and remove the officer permanently or may reinstate the

officer, director, or committee member.

5. The commissioner may reject a supervisory committee examination or audit if the

examination or audit is determined to be unsatisfactory.

If the bylaws do not provide for the election or appointment of a supervisory committee, the

duties and powers described above are the responsibility of and delegated to the board of

directors.