SECTION 1. Section 20 of Chapter 171 of the General Laws is hereby amended by striking out the first sentence and inserting in place thereof the following sentence:- Any credit union may compensate each of the members of the board of directors for his or her services as a member of the board or any committee thereof a sum that may, from time to time, be fixed by the members at an annual meeting.
SECTION 2. This act shall take effect upon its passage.
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