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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.

  1. 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. 1219

  2. Pub. 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”.

  3. 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
  1. 1934June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219
  2. 1959renumbered § 11, Pub. L. 86–354, § 1, , 73 Stat. 631
  3. 1963amended Pub. L. 88–150, § 1, , 77 Stat. 270
  4. 1970renumbered title I, § 110, Pub. L. 91–468, § 1(2), , 84 Stat. 994
  5. 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.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s1760