Indiana Statutes

§ 28-7-1-14 — Fiscal year; membership meetings; voting rights

Indiana·Art. 7 SPECIALIZED FINANCIAL INSTITUTIONS·Ch. 1 Credit Unions
A credit union fiscal year shall end at the close of business on the thirty-first day of December. Special meetings of the members of any credit union may be convened by order of the board of directors or the supervisory committee, or by a petition of at least ten per cent (10%) of the members. A member shall have one (1) vote. The members may decide on any matter concerning the credit union. The members may overrule the directors, and, by a three-fourths (3/4) vote of those present, may amend the bylaws if the notice of the meeting stated the proposed amendment. Formerly: Acts 1961, c.182, s.14. As amended by P.L.263-1995, SEC.11.

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