Credit Union Act Article 22

The directors and supervisors shall perform duties in accordance with the laws, bylaw, and resolutions made in the annual general meeting.The directors or supervisors shall be held liable to the credit union for the damage inflicted to the credit union and caused by the resolutions made by the board of directors or supervisors, unless otherwise a director or supervisor has objected to the resolution and the objection is evidenced by respective meeting minutes.A director or supervisor shall be held liable for the damage inflicted to the credit union and caused by the director’s or supervisor’s negligence or violation of the regulations.