§ 6:1187 — Proxies

Louisiana § 6:1187

• Jurisdiction: Louisiana
• Title 6: Banks and Banking

Text

§1187. Proxies
A. Voting at a meeting may be either in person, by means of remote communication
in accordance with R.S. 12:1-709, or by proxy executed in writing by the member or
shareholder or by his duly authorized attorney-in-fact.
B. No proxy shall be valid:
(1) After eleven months from the date of its execution, unless otherwise provided in
the proxy.
(2) Unless executed in an instrument separate from other forms or documents
relating to the member's accounts.
(3) For any meeting at which the member who gave it is present, provided that notice
of his presence is given by the member in writing, prior to the taking of any vote, to an
official whom the savings bank shall identify at the meeting as having responsibility for such
matter.
(4) Unless the member giving the proxy is told by the person to whom it is given that
the proxy is optional and that the voting rights it represents may be exercised by the member
himself.
(5) Unless the proxy is filed with the secretary of the savings bank for verification
at least forty-eight hours prior to the time of the meeting at which the proxy is to be voted
or at such other time as the articles or bylaws of the savings bank may provide.

Legislative History

Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 1997, No. 42, §1; Acts 2021, No. 23, §1, eff. June 1, 2021.