370.170. Meetings and special meetings, voting--proxies, when--action at meeting.
Meetings and special meetings, voting--proxies, when--action atmeeting.
370.170. 1. Special meetings of the members may be held byorder of the board of directors, or the supervisory committee,and shall be held on request of ten percent of the members.
2. At all meetings a member shall have but one vote.
3. No member may vote by proxy, but a society, association,copartnership, or corporation, having membership in a creditunion, may be represented by one person, previously authorized bysuch society, association, copartnership or corporation totransact business with the credit union. The bylaws of a creditunion, when approved by the membership, may provide for mailballots for the election of officers.
4. By majority vote of those present at any meeting, themembers may decide on any matter of interest to the credit union,amend the bylaws relating to qualifications for membership, theelection or appointment of the supervisory committee, determinethe requirements for a credit committee and if such committeeshould be elected or appointed, and overrule the directors on anymatter concerning guidelines for future plans and objectives,provided the notice of the meeting has stated any such matter tobe considered upon a written request of any member, except thatthe members cannot cause the credit union to breach or abrogateany legally binding obligation or contract previously executed bythe board.
(RSMo 1939 § 5527, A.L. 1945 p. 689, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962)Prior revision: 1929 § 5085