Enforcement Rules of Credit Cooperatives Act Article 7

Where a credit submits its financial and business reports and statements to the general meeting of members (or membership representatives) for approval pursuant to Article 37 of the Act to which Article 49 of the Banking Act applies mutatis mutandis, the general meeting of members (or membership representatives) shall be called in three months from the end of each fiscal year, unless it is otherwise approved by the city (county) government or the Department of Finance of municipal government with justification.If the financial examination authority finds that a report or statement referred to in the preceding paragraph requires adjustment, the credit cooperative shall make adjustment accordingly and submit the same to the next board of directors and supervisors meetings and the general meeting of members (or membership representatives), and make record of such meetings.