Wisconsin Statutes & Annotations
Chapter 186 - Credit unions.
186.06 - Membership meetings, fiscal year.

186.06 Membership meetings, fiscal year.
(1) Manner of meeting. The annual meeting and any special meeting of the members of a credit union shall be held in the manner provided by the bylaws.
(1m) Voting. At a meeting, each member shall have one vote irrespective of the member's share total. Except as provided in sub. (2), a member may not vote by proxy.
(2) Representation. An organization, association or corporation member of a credit union may be represented by and have its vote cast by an authorized representative of its members or owners.
(2m) Voting eligibility. The bylaws shall prescribe the terms by which a member is eligible to vote at a meeting.
(3) Meeting issues.
(a) At any meeting, if the notice so indicates, a majority of the members present may direct the board of directors to do any of the following:
1. Consider implementing any policy proposed by the members.
2. Reconsider any decision of the directors, officers or committees.
(b) At any meeting, if the notice so indicates, the members may, by a three-fourths vote of the members present, do any of the following:
1. Remove any member of the board of directors.
2. Amend the bylaws.
(4) Fiscal year. The fiscal year of every credit union shall end at the close of business on December 31.
History: 1971 c. 193; 1973 c. 255; 1979 c. 282; 1981 c. 156; 1983 a. 369; 1995 a. 151; 2003 a. 63.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 186 - Credit unions.

186.01 - Definitions.

186.015 - Credit union review board.

186.02 - Incorporation, bylaws, amendment, fees.

186.03 - Use of name exclusive.

186.035 - Deceptive or misleading use of credit union name, logo, or symbol.

186.06 - Membership meetings, fiscal year.

186.07 - Board of directors.

186.071 - Oath of office.

186.08 - Officers, management.

186.082 - Definitions applicable to indemnification and insurance provisions.

186.083 - Mandatory indemnification.

186.084 - Determination of right to indemnification.

186.085 - Allowance of expenses as incurred.

186.086 - Credit union may limit indemnification.

186.087 - Additional rights to indemnification and allowance of expenses.

186.088 - Court-ordered indemnification.

186.089 - Indemnification and allowance of expenses of employees and agents.

186.091 - Insurance.

186.093 - Definitions applicable to liability-related provisions.

186.094 - Reliance by directors or officers.

186.095 - Consideration of interests in addition to members' interests.

186.096 - Limited liability of directors and officers.

186.098 - Loans.

186.10 - Minors' rights; shares in trust.

186.11 - Investments.

186.112 - Credit union borrowing.

186.113 - Credit union powers.

186.114 - Savings promotion prize programs.

186.115 - Additional credit union authority.

186.116 - Financially related services tie-ins.

186.118 - Incidental powers parity with federal credit unions.

186.12 - Compensation of officers, operation expenses.

186.13 - Expulsion.

186.14 - Expelled member rights and liabilities.

186.15 - Auditing.

186.16 - Dividends.

186.17 - Reserves.

186.18 - Dissolution.

186.19 - Bonding requirements.

186.20 - Financial privacy.

186.21 - Credit unions promoted.

186.235 - Office of credit unions.

186.31 - Mergers.

186.314 - Conversion.

186.315 - Charter cancellation.

186.32 - Corporate central credit union.

186.325 - National corporate central credit union.

186.34 - Federal share insurance.

186.36 - Sale of insurance in credit unions.

186.41 - Interstate acquisitions and mergers of credit unions.

186.45 - Non-Wisconsin credit union, Wisconsin offices.

186.52 - Customer access to appraisals.

186.53 - Customer access to credit reports.

186.60 - Venue.

186.70 - Record search; members' inspection of records.

186.71 - Reproduction and destruction of records; evidence.

186.80 - False statements.