(a) A Connecticut credit union shall hold an annual meeting as provided in its bylaws. Special meetings of members shall be held as provided in the bylaws and shall be called by the governing board at the request of a majority of the governing board, at the written request of the supervisory committee, or ten per cent of the members of the credit union or such lesser percentage of such members as provided in the bylaws.
(b) Notice of each annual or special meeting shall be given to each member in writing, which may include electronic means, by the secretary at least ten days prior to the annual or special meeting. In the case of a special meeting, the notice shall clearly state the purpose of the meeting and the matters that will be considered.
(c) (1) Each member in good standing shall have a single vote at all meetings notwithstanding the number of shares or number of accounts that such member holds.
(2) A member may not vote or hold office if the member is less than eighteen years of age.
(3) Unless provided otherwise in the bylaws, a member entitled to vote may vote in person, by proxy, by electronic means or by mail ballot.
(P.A. 02-73, S. 41; P.A. 18-117, S. 3.)
History: P.A. 18-117 amended Subsec. (b) by adding “, which may include electronic means,” and amended Subsec. (c)(3) by adding “, by electronic means”.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Section 36a-435. (Formerly Sec. 36-194). - Definitions.
Section 36a-435a. - Short title: Connecticut Credit Union Act.
Section 36a-435b. - Definitions.
Section 36a-436. (Formerly Sec. 36-195). - License required.
Section 36a-436a. - Franchise and filing fee payable to the Secretary of the State.
Section 36a-437. (Formerly Sec. 36-196). - Organization.
Section 36a-437a. - Organization.
Section 36a-438a. - Field of membership. Expansion. Change in field of membership.
Section 36a-439. (Formerly Sec. 36-196c). - Change in the field of membership.
Section 36a-439a. - Membership applications. Expulsion of member.
Section 36a-440. (Formerly Sec. 36-196d). - Central credit union.
Section 36a-440b. - Financial and statistical reports and other information. Records.
Section 36a-441. (Formerly Sec. 36-198). - Powers.
Section 36a-441a. - Loan and lease losses account. Net worth requirement.
Section 36a-442. (Formerly Sec. 36-198b). - Mortgage loans to members.
Section 36a-442a. - Deposit of funds; withdrawals. Bond requirement.
Section 36a-448a. - Governing board powers.
Section 36a-449. (Formerly Sec. 36-203a). - Governing board meetings.
Section 36a-449a. - Meetings of governing board.
Section 36a-450. (Formerly Sec. 36-203b). - Governing board powers. Committees.
Section 36a-450a. - Executive committee.
Section 36a-451. (Formerly Sec. 36-203c). - Executive committee.
Section 36a-451a. - Supervisory committee. Members. Powers. Duties.
Section 36a-452. (Formerly Sec. 36-203d). - Investment policy.
Section 36a-452a. - Credit committee. Credit manager. Loan officer.
Section 36a-455. (Formerly Sec. 36-205). - Credit committee. Loans. Lines of credit.
Section 36a-456a. - Shares; secondary capital accounts; share insurance.
Section 36a-456b. - Tax and loan and note accounts.
Section 36a-456c. - Dividends.
Section 36a-457. (Formerly Sec. 36-208). - Supervisory committee. Members. Powers. Duties.
Section 36a-457a. - Loan policy.
Section 36a-457b. - Mortgage loans to members.
Section 36a-458. (Formerly Sec. 36-209). - Reserve requirements.
Section 36a-458a. - Loans. Definitions.
Section 36a-459. (Formerly Sec. 36-210). - Dividends.
Section 36a-459a. - Investment policy.
Section 36a-460. (Formerly Sec. 36-211). - Losses. Reduction of liabilities.
Section 36a-460a. - Corporate Connecticut credit union.
Section 36a-461a. - Credit union service organizations.
Section 36a-468b. - Conversion of Connecticut credit union into federal credit union.
Section 36a-470. (Formerly Sec. 36-223c). - Mergers.
Section 36a-470a. - Termination.
Section 36a-471. (Formerly Sec. 36-223d). - Sale of assets.
Section 36a-472. (Formerly Sec. 36-223e). - Out-of-state credit union doing business in this state.
Section 36a-472a. - No exemption from taxation.
Section 36a-476. - Compliance with federal Currency and Foreign Transactions Reporting Act.