ยง412:3-605 - Notice to credit union member.
ยง412:3-605ย Notice to credit union member.ย
Wherever the approval of a transaction is required by this part by the members
of a credit union, notice of a meeting of its members, which may be an annual
or a special meeting, shall be given to each member entitled to vote.ย The
notice shall be provided not less than twenty days before the date of the
meeting.ย The notice shall state that the purpose or one of the purposes of the
meeting is to vote upon a transaction covered by this part and shall be accompanied
by a detailed description of the proposed transaction or a summary of the
transaction and a copy of the plan of conversion, merger, consolidation, sale
of assets or assumption of liabilities, or voluntary cessation of business and
dissolution approved by the board of directors. [L 1993, c 350, pt of ยง1; am L
2002, c 40, ยง21; am L 2006, c 228, ยง25]