The fiscal year of all credit unions shall end December 31. General and special meetings may be held in the manner and for the purposes indicated in the bylaws. At least ten days before any regular meeting, and at least seven days before any special meeting, written notice shall be given to each member, and in the case of a special meeting, the notice shall clearly state the purpose of the meeting and what matters will be considered thereat. No member shall be eligible to vote at any meeting or to hold any office unless the member owns at least one share of the credit union which is fully paid. At all meetings a member shall have but a single vote, whatever the member's share holdings. Upon resolution of the board of directors, credit union members shall be authorized to vote by mail or other verifiable means for election of directors, credit committee and supervisory members and amendments to bylaws at annual and special meetings. There shall be no voting by proxy. Any firm, society or corporation having a membership in the credit union and entitled to vote may cast its vote by one person upon presentation of written authority of the firm, society or corporation.
(7774-7) 1925 c 206 s 7; 1933 c 346 s 2; 1937 c 213 s 2; 1943 c 20 s 1; 1976 c 176 s 2; 1986 c 444; 2017 c 25 s 1
Structure Minnesota Statutes
Section 52.02 — Resolutions, Amendment Of Bylaws And Certificate Of Organization, Approval.
Section 52.03 — "credit Union," Unlawful Use.
Section 52.06 — Supervision; Reports; Audits; Fees.
Section 52.062 — Credit Unions; Suspension Of Operation.
Section 52.064 — Receivership.
Section 52.07 — Fiscal Year; Meetings; Voting.
Section 52.08 — Annual Meeting.
Section 52.09 — Directors; Powers And Duties.
Section 52.10 — Credit Committee; Credit Manager; Powers.
Section 52.11 — Supervisory Committee; Duties.
Section 52.12 — Capital; Entrance Fees; Credit Union To Have Lien.
Section 52.13 — Deposits In Name Of Minor.
Section 52.131 — Multiparty Accounts.
Section 52.137 — Individual Retirement Accounts.
Section 52.14 — Interest On Loans.
Section 52.141 — Loan Expenses.
Section 52.15 — Borrowing; Limitation.
Section 52.16 — Lending; Conditions.
Section 52.165 — Graduated Payment Home Loan.
Section 52.19 — Expulsion Or Withdrawal Of Members.
Section 52.191 — Inactive Accounts.
Section 52.20 — Voluntary Dissolution.
Section 52.201 — Reorganizing Federal Credit Union Into State Credit Union.
Section 52.202 — Directors May Execute Certificates.
Section 52.203 — Merger Or Consolidation.
Section 52.21 — Change Of Place Of Business.
Section 52.211 — Student Education Programs.