§ 1760. — Members' meetings.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1760]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 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.
(June 26, 1934, ch. 750, title I, Sec. 110, formerly Sec. 10, 48 Stat.
1219; renumbered Sec. 11, Pub. L. 86-354, Sec. 1, Sept. 22, 1959, 73
Stat. 631; amended Pub. L. 88-150, Sec. 1, Oct. 17, 1963, 77 Stat. 270;
renumbered title I, Sec. 110, Pub. L. 91-468, Sec. 1(2), Oct. 19, 1970,
84 Stat. 994; amended Pub. L. 97-320, title V, Sec. 519, Oct. 15, 1982,
96 Stat. 1531.)
Amendments
1982--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''.