Massachusetts General Laws
Chapter 170 - Co-Operative Banks
Section 17 - Stockholder Voting; Votes by Proxy

Section 17. Stockholders entitled to vote may vote in person or by proxy. No proxy dated more than 6 months before the date of the meeting named therein shall be valid and no proxy shall be valid after the final adjournment of such meeting. A proxy with respect to stock held in the name of 2 or more persons shall be valid if executed by any 1 of them unless at or prior to the exercise of the proxy such corporation receives a specific written notice to the contrary from any 1 of them. A proxy purporting to be executed by or on behalf of a stockholder shall be deemed valid unless challenged at or prior to its exercise and the burden of proving invalidity shall rest on the challenger. Except as otherwise provided in the articles of organization or by-laws of the corporation, special meetings of the stockholders may be called pursuant to section 7.02 of chapter 156D.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 170 - Co-Operative Banks

Section 1 - Definitions

Section 2 - Powers

Section 3 - Change of Corporate Name

Section 4 - Capital Structure Upon Incorporation

Section 5 - Formation of Co-Operative Bank; Powers, Privileges and Duties Related to Corporations; Agreement of Association

Section 6 - Notice of Intention to Form Co-Operative Bank; Application for Certificate

Section 7 - First Meeting of Incorporators

Section 8 - Articles of Organization; Certificate of Incorporation

Section 9 - List of Stockholders; Issuance of Certificate Authorizing Corporation to Begin Transaction of Business

Section 10 - Applicability of Sections to Mutual Banks and to Stock Banks

Section 11 - By-Laws of Mutual Bank; Notice of Regular and Special Meetings of Shareholders; Meetings of Board of Directors

Section 12 - Members; Voting Rights

Section 13 - Board of Directors; Clerk; Directors and Officers; Records of Meetings

Section 14 - Security Committee; Audit Committee

Section 15 - Treasurer and Assistant Treasurer; Duties

Section 16 - Adoption of By-Laws; Regulations Controlling Assignment and Transfer of Shares; Quorum

Section 17 - Stockholder Voting; Votes by Proxy

Section 18 - Board of Directors of Co-Operative Bank; Executive Committee

Section 19 - Election of Officers

Section 20 - Action Without Meeting

Section 21 - Cooperative Banks Employees Retirement Association

Section 22 - By-Laws of Cooperative Banks Employees Retirement Association

Section 23 - Exemption of Cooperative Banks Employees Retirement Association Property and Funds From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights

Section 24 - Co-Operative Banks Employees Benefit Association

Section 25 - By-Laws of Co-Operative Banks Employees Benefit Association

Section 26 - Exemption of Co-Operative Banks Employees Benefit Association Property From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights