State Codes and Statutes

Statutes > California > Fin > 6000-6006

FINANCIAL CODE
SECTION 6000-6006



6000.  An annual meeting of the members of each mutual association
shall be held at a time and place fixed in the bylaws of the
association.


6001.  Special meetings of the members of a mutual association may
be called at any time by the president or the board of directors, and
shall be called by the president, a vice president, or the secretary
upon the written request of members holding of record in the
aggregate at least 10 percent of the outstanding savings deposits of
the association. Such written request shall state the purposes of the
meeting and shall be delivered at the principal office of the
association addressed to the president.



6002.  Notice of each annual and special meeting shall be either
published once a week for the two successive calendar weeks (in each
instance on any day of the week) immediately prior to the week in
which such meeting shall convene, in a newspaper printed in the
English language and of general circulation in the city or county in
which the principal office of the association is located, or mailed
postage prepaid at least 15 days and not more than 45 days prior to
the date on which such meeting shall convene to each of its members
of record at the last address of the member appearing on the books of
the association. Such notice shall state the name of the
association, the place of the meeting, the time when it shall convene
and, in the case of a special meeting, the purpose or purposes for
which the meeting is called. A similar notice shall be posted in a
conspicuous place in each of the offices of the association during
the 14 days immediately preceding the date on which such meeting
shall convene. Notice need not be given to any member who in person
or by proxy, in writing, waives notice of such meeting.




6003.  In the consideration of all questions requiring action by the
members of a mutual association, each member shall be entitled to
cast one vote for each one hundred dollars ($100), or fraction
thereof, of the withdrawal value of his or her savings account or
accounts. No member, however, shall be entitled to cast more than
1,000 votes nor shall votes be cumulated for the election of
directors.



6004.  (a) In order that the association may determine the members
entitled to notice of any meeting or to vote or entitled to receive
any distribution or entitled to exercise any rights in respect of any
other lawful action, the board of directors of the association may
fix, in advance, a record date, which shall not be more than 60 or
less than 10 days prior to the date of such meeting or more than 60
days prior to any other action, provided, however, that if the
provisions hereof conflict with the provisions of any federal statute
or regulation relating to fixing of record dates for associations,
the provisions of the federal statute or regulation shall prevail.
   (b) If no record date is fixed pursuant to subdivision (a) above:
   (1) The record date for determining members entitled to notice of
or to vote at a meeting of members shall be at the close of business
on the business day next preceding the day on which notice is given
or first published, or if notice is waived, at the close of business
on the business day next preceding the date on which the meeting is
held.
   (2) The record date for determining members entitled to give
consent to action in writing without a meeting, when no prior action
by the board of directors has been taken, shall be the date on which
the first written consent is given.
   (3) The record for determining members for any other purpose shall
be at the close of business on the day on which the board adopts the
resolution relating thereto, or the 60th day prior to the date of
such other action, whichever is later.
   (c) A determination of members of record entitled to notice of or
to vote at a meeting of members shall apply to any adjournment of the
meeting unless the board fixes a new record date for the adjourned
meeting.



6005.  At any meeting of the members, voting may be in person or by
proxy, provided that no proxy is eligible to be voted at any meeting
unless it has been filed with the secretary of the association, for
verification, prior to the meeting. Each proxy shall be in writing
and when filed with the secretary, shall, unless otherwise specified
in the proxy, continue in force from year to year until revoked by a
writing delivered to the secretary or by a subsequent proxy executed
by the member executing the prior proxy or as to any meeting by
attendance at such meeting and voting in person by the person
executing the proxy. A proxy is not revoked by the death or
incapacity of the maker unless, before the vote is counted, written
notice of such death or incapacity is received by the association.
Section 604 of the Corporations Code does not apply to any mutual
association.


6006.  Any number of members present at a regular or special meeting
of the members shall constitute a quorum. A majority of all votes
cast at any meeting of members shall determine any question unless
this division specifically provides otherwise.


State Codes and Statutes

Statutes > California > Fin > 6000-6006

FINANCIAL CODE
SECTION 6000-6006



6000.  An annual meeting of the members of each mutual association
shall be held at a time and place fixed in the bylaws of the
association.


6001.  Special meetings of the members of a mutual association may
be called at any time by the president or the board of directors, and
shall be called by the president, a vice president, or the secretary
upon the written request of members holding of record in the
aggregate at least 10 percent of the outstanding savings deposits of
the association. Such written request shall state the purposes of the
meeting and shall be delivered at the principal office of the
association addressed to the president.



6002.  Notice of each annual and special meeting shall be either
published once a week for the two successive calendar weeks (in each
instance on any day of the week) immediately prior to the week in
which such meeting shall convene, in a newspaper printed in the
English language and of general circulation in the city or county in
which the principal office of the association is located, or mailed
postage prepaid at least 15 days and not more than 45 days prior to
the date on which such meeting shall convene to each of its members
of record at the last address of the member appearing on the books of
the association. Such notice shall state the name of the
association, the place of the meeting, the time when it shall convene
and, in the case of a special meeting, the purpose or purposes for
which the meeting is called. A similar notice shall be posted in a
conspicuous place in each of the offices of the association during
the 14 days immediately preceding the date on which such meeting
shall convene. Notice need not be given to any member who in person
or by proxy, in writing, waives notice of such meeting.




6003.  In the consideration of all questions requiring action by the
members of a mutual association, each member shall be entitled to
cast one vote for each one hundred dollars ($100), or fraction
thereof, of the withdrawal value of his or her savings account or
accounts. No member, however, shall be entitled to cast more than
1,000 votes nor shall votes be cumulated for the election of
directors.



6004.  (a) In order that the association may determine the members
entitled to notice of any meeting or to vote or entitled to receive
any distribution or entitled to exercise any rights in respect of any
other lawful action, the board of directors of the association may
fix, in advance, a record date, which shall not be more than 60 or
less than 10 days prior to the date of such meeting or more than 60
days prior to any other action, provided, however, that if the
provisions hereof conflict with the provisions of any federal statute
or regulation relating to fixing of record dates for associations,
the provisions of the federal statute or regulation shall prevail.
   (b) If no record date is fixed pursuant to subdivision (a) above:
   (1) The record date for determining members entitled to notice of
or to vote at a meeting of members shall be at the close of business
on the business day next preceding the day on which notice is given
or first published, or if notice is waived, at the close of business
on the business day next preceding the date on which the meeting is
held.
   (2) The record date for determining members entitled to give
consent to action in writing without a meeting, when no prior action
by the board of directors has been taken, shall be the date on which
the first written consent is given.
   (3) The record for determining members for any other purpose shall
be at the close of business on the day on which the board adopts the
resolution relating thereto, or the 60th day prior to the date of
such other action, whichever is later.
   (c) A determination of members of record entitled to notice of or
to vote at a meeting of members shall apply to any adjournment of the
meeting unless the board fixes a new record date for the adjourned
meeting.



6005.  At any meeting of the members, voting may be in person or by
proxy, provided that no proxy is eligible to be voted at any meeting
unless it has been filed with the secretary of the association, for
verification, prior to the meeting. Each proxy shall be in writing
and when filed with the secretary, shall, unless otherwise specified
in the proxy, continue in force from year to year until revoked by a
writing delivered to the secretary or by a subsequent proxy executed
by the member executing the prior proxy or as to any meeting by
attendance at such meeting and voting in person by the person
executing the proxy. A proxy is not revoked by the death or
incapacity of the maker unless, before the vote is counted, written
notice of such death or incapacity is received by the association.
Section 604 of the Corporations Code does not apply to any mutual
association.


6006.  Any number of members present at a regular or special meeting
of the members shall constitute a quorum. A majority of all votes
cast at any meeting of members shall determine any question unless
this division specifically provides otherwise.



State Codes and Statutes

State Codes and Statutes

Statutes > California > Fin > 6000-6006

FINANCIAL CODE
SECTION 6000-6006



6000.  An annual meeting of the members of each mutual association
shall be held at a time and place fixed in the bylaws of the
association.


6001.  Special meetings of the members of a mutual association may
be called at any time by the president or the board of directors, and
shall be called by the president, a vice president, or the secretary
upon the written request of members holding of record in the
aggregate at least 10 percent of the outstanding savings deposits of
the association. Such written request shall state the purposes of the
meeting and shall be delivered at the principal office of the
association addressed to the president.



6002.  Notice of each annual and special meeting shall be either
published once a week for the two successive calendar weeks (in each
instance on any day of the week) immediately prior to the week in
which such meeting shall convene, in a newspaper printed in the
English language and of general circulation in the city or county in
which the principal office of the association is located, or mailed
postage prepaid at least 15 days and not more than 45 days prior to
the date on which such meeting shall convene to each of its members
of record at the last address of the member appearing on the books of
the association. Such notice shall state the name of the
association, the place of the meeting, the time when it shall convene
and, in the case of a special meeting, the purpose or purposes for
which the meeting is called. A similar notice shall be posted in a
conspicuous place in each of the offices of the association during
the 14 days immediately preceding the date on which such meeting
shall convene. Notice need not be given to any member who in person
or by proxy, in writing, waives notice of such meeting.




6003.  In the consideration of all questions requiring action by the
members of a mutual association, each member shall be entitled to
cast one vote for each one hundred dollars ($100), or fraction
thereof, of the withdrawal value of his or her savings account or
accounts. No member, however, shall be entitled to cast more than
1,000 votes nor shall votes be cumulated for the election of
directors.



6004.  (a) In order that the association may determine the members
entitled to notice of any meeting or to vote or entitled to receive
any distribution or entitled to exercise any rights in respect of any
other lawful action, the board of directors of the association may
fix, in advance, a record date, which shall not be more than 60 or
less than 10 days prior to the date of such meeting or more than 60
days prior to any other action, provided, however, that if the
provisions hereof conflict with the provisions of any federal statute
or regulation relating to fixing of record dates for associations,
the provisions of the federal statute or regulation shall prevail.
   (b) If no record date is fixed pursuant to subdivision (a) above:
   (1) The record date for determining members entitled to notice of
or to vote at a meeting of members shall be at the close of business
on the business day next preceding the day on which notice is given
or first published, or if notice is waived, at the close of business
on the business day next preceding the date on which the meeting is
held.
   (2) The record date for determining members entitled to give
consent to action in writing without a meeting, when no prior action
by the board of directors has been taken, shall be the date on which
the first written consent is given.
   (3) The record for determining members for any other purpose shall
be at the close of business on the day on which the board adopts the
resolution relating thereto, or the 60th day prior to the date of
such other action, whichever is later.
   (c) A determination of members of record entitled to notice of or
to vote at a meeting of members shall apply to any adjournment of the
meeting unless the board fixes a new record date for the adjourned
meeting.



6005.  At any meeting of the members, voting may be in person or by
proxy, provided that no proxy is eligible to be voted at any meeting
unless it has been filed with the secretary of the association, for
verification, prior to the meeting. Each proxy shall be in writing
and when filed with the secretary, shall, unless otherwise specified
in the proxy, continue in force from year to year until revoked by a
writing delivered to the secretary or by a subsequent proxy executed
by the member executing the prior proxy or as to any meeting by
attendance at such meeting and voting in person by the person
executing the proxy. A proxy is not revoked by the death or
incapacity of the maker unless, before the vote is counted, written
notice of such death or incapacity is received by the association.
Section 604 of the Corporations Code does not apply to any mutual
association.


6006.  Any number of members present at a regular or special meeting
of the members shall constitute a quorum. A majority of all votes
cast at any meeting of members shall determine any question unless
this division specifically provides otherwise.


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