Committees

(a)Unless the organic rules otherwise provide, a board of directors may create one

(1)or more committees and appoint one

(1)or more individuals to serve on a committee.

(b)Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director but shall be a member.

(c)An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.

(d)Each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee may not: CH. 17 THE GUAM UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT

(1)approve allocations or distributions except according to a formula or method prescribed by the board of directors;

(2)approve or propose to members action requiring approval of members; or

(3)fill vacancies on the board of directors or any of its committees.