Section 5-521 - Voting.
§ 5-521. Voting.
(a) Each member entitled to one vote.- A member of a cooperative organized without capital stock and a holder of stock, whether common or preferred, is entitled to only one vote.
(b) Voting by proxy prohibited.- Voting by proxy is prohibited in any cooperative. Voting by mail is not voting by proxy.
(c) Voting by mail.- At any meeting of members, a signed written vote received by mail from any absent member may be read at the meeting and is equivalent to a vote of the member if:
(1) The member was notified in writing of the exact motion or resolution on which the vote is taken; and
(2) A copy of the motion or resolution is attached to the vote mailed by him.
[An. Code 1957, art. 23, § 366; 1975, ch. 311, § 2.]