(a) In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.
(b) A delegate may not vote on behalf of more than one member.
(c) A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.
Structure Maryland Statutes
Title 7 - Credit Union Share Insurance
Subtitle 1 - Credit Union Insurance Corporation
Part II - Establishment; Powers; Membership
Section 7-102 - Corporation Established
Section 7-103 - Purposes of Corporation
Section 7-104 - General Powers and Duties
Section 7-105 - Insurance of Share and Deposit Accounts
Section 7-106 - Membership -- Applications
Section 7-107 - Membership -- Qualifications; Term; Termination; Duties
Section 7-108 - Membership -- Voting by Members
Section 7-109 - Board of Directors
Section 7-110 - Officers and Staff
Section 7-111 - Bylaws, Rules, and Regulations
Section 7-112 - Independent Audits of Members
Section 7-113 - Cooperation and Exchange of Information
Section 7-114 - Earnings to Be Accumulated
Section 7-115 - Application of State Insurance Laws