- (1) The annual meeting and any special meetings of the members of the credit union shall be held in accordance with the bylaws.
- (2) At all such meetings all natural members shall have one vote, irrespective of the member's share holdings. No member may vote by proxy, but a member may vote by absentee ballot, mail, or other method if the bylaws of the credit union so provide. Accounts held by organizations must be considered nonvoting members.
- (3) The board of directors may establish a minimum age, not greater than eighteen years of age, as a qualification of eligibility to vote at meetings of the members or to hold office, or both.
HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.