412:10-111 Voting. (a) Persons eligible to vote at a credit union meeting shall be:

(1) A member for at least three months; provided, that during the first twelve months of the existence of the credit union, this requirement shall not apply; and

(2) In compliance with all other voting requirements as provided by the bylaws.

(b) Each member shall have only one vote, regardless of the number or type of shares of the credit union such member owns. A credit union member other than a natural person may vote through an agent designated for the purpose.

(c) No member shall be entitled to vote by proxy.

(d) Notwithstanding anything in this section, credit unions may, if the bylaws of the credit union so provide, conduct elections by mail or allow voting by absentee ballot; provided that all ballots shall be signed by the voting member and shall be valid only for the designated meeting.

(e) The board of directors may establish a minimum age, not greater than eighteen years of age, as a qualification of eligibility to vote at meetings of the members or to hold office, or both. [L 1993, c 350, pt of 1]


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