Unless the articles or regulations otherwise provide:
(A) Ten per cent of the voting members of a credit union, whether they are present in person, by mail ballot, or by proxy, at any meeting of members constitute a quorum for such meeting.
(B) The act of a majority of the voting members represented in person, by mail ballot, or by proxy at a meeting at which a quorum is present shall control, but no action required by law, the articles, or regulations to be authorized or taken by a designated proportion of the members may be authorized or taken by a lesser proportion.
(C) The voting members represented at a meeting, whether or not a quorum is present, may adjourn such meeting from time to time.
Effective Date: 07-14-1987Section: Previous 1733.07 1733.08 1733.09 1733.10 1733.11 1733.12 1733.13 1733.14 1733.15 1733.151 1733.16 1733.17 1733.18 1733.181 1733.19 Next
Last modified: October 10, 2016