12 U.S.C. § 1760

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 1760 - Members' meetings

The fiscal year of all Federal credit unions shall end December 31. The annual meeting of each Federal credit union shall be held at such place as its bylaws shall prescribe. Special meetings may be held in the manner indicated in the bylaws. No member shall be entitled to vote by proxy, but a member other than a natural person may vote through an agent designated for the purpose. Irrespective of the number of shares held, no member shall have more than one vote.

12 U.S.C. § 1760

June 26, 1934, ch. 750, title I, §110, formerly §10, 48 Stat. 1219; renumbered §11, Pub. L. 86-354 §1, Sept. 22, 1959, 73 Stat. 631; amended Pub. L. 88-150 §1, Oct. 17, 1963, 77 Stat. 270; renumbered title I, §110, Pub. L. 91-468 §1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 97-320 §519, Oct. 15, 1982, 96 Stat. 1531.

EDITORIAL NOTES

AMENDMENTS1982- Pub. L. 97-320 struck out "at such time during the following January, February, or March and" after "shall be held", and "by him" after "shares held". 1963- Pub. L. 88-150 substituted "during the following January, February, or March" for "during the month of the following January".

credit: The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.
person: The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.