§ 81-12-71. Annual meeting of members of association; voting; quorum.
(1) An annual meeting of the members of each mutual association shall be held as fixed in the bylaws of such association. Special meetings may be called as provided in the bylaws.
(2) The members who shall be entitled to vote at any meeting of the members shall be those who are members of record at the end of the calendar month next preceding the date of the meeting of members, except those who have ceased to be members. The number of votes which members shall be entitled to cast shall be in accordance with the books on the said date determinative of entitlement to vote.
(3) In the determination of all questions requiring action by the members, each member shall be entitled to cast one (1) vote, plus an additional vote for each One Hundred Dollars ($100.00) or fraction thereof of the withdrawal value of savings accounts, if any, held by such member. No member, however, shall cast more than four hundred (400) votes.
(4) Voting by proxy at a meeting shall be permitted as set forth in the bylaws of the association. Constitution of a quorum shall be set forth in the bylaws of the association.
Sources: Laws, 1977, ch. 445, § 17; reenacted, 1982, ch. 301, § 36; Laws, 1990 Ex Sess, ch. 52, § 37; Laws, 1993, ch. 441, § 37; Laws, 1994, ch. 622, § 69; reenacted without change, Laws, 1997, ch. 496, § 34; reenacted without change, Laws, 2001, ch. 488, § 36, eff from and after July 1, 2001.
§ 81-12-71. Annual meeting of members of association; voting; quorum.
(1) An annual meeting of the members of each mutual association shall be held as fixed in the bylaws of such association. Special meetings may be called as provided in the bylaws.
(2) The members who shall be entitled to vote at any meeting of the members shall be those who are members of record at the end of the calendar month next preceding the date of the meeting of members, except those who have ceased to be members. The number of votes which members shall be entitled to cast shall be in accordance with the books on the said date determinative of entitlement to vote.
(3) In the determination of all questions requiring action by the members, each member shall be entitled to cast one (1) vote, plus an additional vote for each One Hundred Dollars ($100.00) or fraction thereof of the withdrawal value of savings accounts, if any, held by such member. No member, however, shall cast more than four hundred (400) votes.
(4) Voting by proxy at a meeting shall be permitted as set forth in the bylaws of the association. Constitution of a quorum shall be set forth in the bylaws of the association.
Sources: Laws, 1977, ch. 445, § 17; reenacted, 1982, ch. 301, § 36; Laws, 1990 Ex Sess, ch. 52, § 37; Laws, 1993, ch. 441, § 37; Laws, 1994, ch. 622, § 69; reenacted without change, Laws, 1997, ch. 496, § 34; reenacted without change, Laws, 2001, ch. 488, § 36, eff from and after July 1, 2001.
§ 81-12-71. Annual meeting of members of association; voting; quorum.
(1) An annual meeting of the members of each mutual association shall be held as fixed in the bylaws of such association. Special meetings may be called as provided in the bylaws.
(2) The members who shall be entitled to vote at any meeting of the members shall be those who are members of record at the end of the calendar month next preceding the date of the meeting of members, except those who have ceased to be members. The number of votes which members shall be entitled to cast shall be in accordance with the books on the said date determinative of entitlement to vote.
(3) In the determination of all questions requiring action by the members, each member shall be entitled to cast one (1) vote, plus an additional vote for each One Hundred Dollars ($100.00) or fraction thereof of the withdrawal value of savings accounts, if any, held by such member. No member, however, shall cast more than four hundred (400) votes.
(4) Voting by proxy at a meeting shall be permitted as set forth in the bylaws of the association. Constitution of a quorum shall be set forth in the bylaws of the association.
Sources: Laws, 1977, ch. 445, § 17; reenacted, 1982, ch. 301, § 36; Laws, 1990 Ex Sess, ch. 52, § 37; Laws, 1993, ch. 441, § 37; Laws, 1994, ch. 622, § 69; reenacted without change, Laws, 1997, ch. 496, § 34; reenacted without change, Laws, 2001, ch. 488, § 36, eff from and after July 1, 2001.
