§ 3016. Annual meetings; notice, agenda, etc.

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. 1978

   National Consumer Cooperative Bank Act

   Pub. L. 95–351 title I § 106 · 92 Stat. 499

   Enacted · 12 U.S.C. § 3016

   (Pub. L. 95–351, title I, § 106, Aug. 20, 1978, 92 Stat. 507.)

   Source evidence

   Code source credit
   (Pub. L. 95–351, title I, § 106, Aug. 20, 1978, 92 Stat. 507.)

   Enacted provision · exact public law section
   Sec. 106. annual meeting The Bank shall hold an annual meeting of its stockholders 12 USC 3016. which shall be open to the public. At least 30 days’ advance notice of the time and place of the annual meeting shall be given to all stockholders. Borrowers from the Bank shall also give notice of the meeting to their members, who shall be entitled to attend. At such meeting the Bank shall give a full report of its activities during the year and its financial condition and may present proposals for future action and other matters of general concern to borrowers and organizations eligible to borrow from the Bank. Members and representatives of borrowers may present motions or resolutions relating to matters within the scope of this Act and may participate in the discussion thereof and other matters on the agenda.

1 of 1 references resolved to an enrolled provision