§ 6-06-10 — General and special meetings - Notice - Quorum - Voting privileges

North Dakota § 6-06-10

• Jurisdiction: North Dakota
• Title 6: Banks and Banking
• Ch. 6-06: Credit Unions

Text

General and special meetings may be held in the manner and for the purposes indicated in
the bylaws of the credit union. Ten days before any regular or special meeting, written notice
thereof must be mailed or sent by an electronic communication to each member and, in the
case of a special meeting, the notice must state clearly the purpose of the meeting and what
matters will be considered thereat. The members present at a general or special meeting
constitute a quorum for the transaction of the business of the credit union. At all meetings, a
member has but a single vote, whatever the member's shareholdings. There is no voting by
proxy, but any firm, society, or corporation having a membership in the credit union may cast its
vote by one person upon presentation by that person to the credit union of written authority from
such firm, society, or corporation. The credit union may allow members to vote by mail ballot or
electronic ballot for directors and committee members.