Title 12 — Banks and Banking
Chapter 14 — Federal Credit Unions
§ 1760. Members’ meetings
Statutory text
The fiscal year of all Federal credit unions shall end December 31. The annual meeting of each Federal credit union shall be held at such place as its bylaws shall prescribe. Special meetings may be held in the manner indicated in the bylaws. No member shall be entitled to vote by proxy, but a member other than a natural person may vote through an agent designated for the purpose. Irrespective of the number of shares held, no member shall have more than one vote.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–750 · 48 Stat. 1216
Enacted · 12 U.S.C. § 1760
June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219
Source evidence
Code source credit
June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219Pub. L. 88–150 § 1 · 77 Stat. 270
Substituted · 12 U.S.C. § 1760
Pub. L. 88–150 substituted “during the following January, February, or March” for “during the month of the following January”
Source evidence
Code amendment note
Pub. L. 88–150 substituted “during the following January, February, or March” for “during the month of the following January”.Garn-St Germain Depository Institutions Act of 1982
Pub. L. 97–320 title V § 519 · 96 Stat. 1469
Struck · 12 U.S.C. § 1760
Pub. L. 97–320 struck out “at such time during the following January, February, or March and” after “shall be held”, and “by him” after “shares held”
Source evidence
Code amendment note
Pub. L. 97–320 struck out “at such time during the following January, February, or March and” after “shall be held”, and “by him” after “shares held”.Enacted provision · exact public law section
Sec. 519. annual meetings Section 110 of the Federal Credit Union Act (12 U.S.C. 1760) is amended to read as follows: “Sec. 110. “members’ meetings The fiscal year of all Federal credit unions shall end December 31. The annual meeting of each Federal credit union shall be held at such place as its bylaws shall prescribe. Special meetings may be held in the manner indicated in the bylaws. No member shall be entitled to vote by proxy, but a member other than a natural person may vote through an agent designated for the purpose. Irrespective of the number of shares held, no member shall have more than one vote.”.
1 of 3 references resolved to an enrolled provision · 2 partial
Editorial Notes
Amendments1963–1982 · 2 rounds
1982
Pub. L. 97–320 struck out “at such time during the following January, February, or March and” after “shall be held”, and “by him” after “shares held”.
1963
Pub. L. 88–150 substituted “during the following January, February, or March” for “during the month of the following January”.
Credits
1934–1982 · 5 acts
- 1934June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219
- 1959renumbered § 11, Pub. L. 86–354, § 1, , 73 Stat. 631
- 1963amended Pub. L. 88–150, § 1, , 77 Stat. 270
- 1970renumbered title I, § 110, Pub. L. 91–468, § 1(2), , 84 Stat. 994
- 1982amended Pub. L. 97–320, title V, § 519, , 96 Stat. 1531.
Show as published
(June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219; renumbered § 11, Pub. L. 86–354, § 1, , 73 Stat. 631; amended Pub. L. 88–150, § 1, , 77 Stat. 270; renumbered title I, § 110, Pub. L. 91–468, § 1(2), , 84 Stat. 994; amended Pub. L. 97–320, title V, § 519, , 96 Stat. 1531.)