412:10-110 Membership meetings. (a) A credit union shall hold annual and special meetings of members when and as required by its bylaws. The bylaws shall provide that members be given reasonable notice of a meeting. A quorum for conducting any business at any meeting shall be fifteen members, and when not inconsistent with the other provisions of this article, a majority of all votes cast at any duly constituted meeting shall determine any question.

(b) At any meeting the members may:

(1) Decide any question properly raised at the meeting;

(2) Amend the bylaws if the notice of meeting has specified the questions to be considered; or

(3) Act on any matters as provided by the bylaws. [L 1993, c 350, pt of 1]


Previous Vol08_Ch0401-0429 Next