16-16-507 - Special meeting of members.
16-16-507. Special meeting of members.
(1) A special meeting of members may be called only:
(a) as provided in the organic rules;
(b) by a majority vote of the board of directors on a proposal stating the purpose of themeeting;
(c) by demand in a record signed by members holding at least 20% of the voting powerof the persons in any district or class entitled to vote on the matter that is the purpose of themeeting stated in the demand; or
(d) by demand in a record signed by members holding at least 10% of the total votingpower of all the persons entitled to vote on the matter that is the purpose of the meeting stated inthe demand.
(2) A demand under Subsection (1)(c) or (d) shall be submitted to the officer of thelimited cooperative association charged with keeping its records.
(3) Any voting member may withdraw its demand under Subsection (1)(c) or (d) beforereceipt by the limited cooperative association of demands sufficient to require a special meetingof members.
(4) A special meeting of members may be held inside or outside this state at the placestated in the organic rules or selected by the board of directors not inconsistent with the organicrules.
(5) Unless the organic rules otherwise provide, members may attend or conduct a specialmeeting of members through the use of any means of communication if all members attendingthe meeting can communicate with each other during the meeting.
(6) Only business within the purpose or purposes stated in the notice of a special meetingof members may be conducted at the meeting.
(7) Unless the organic rules otherwise provide, the presiding officer of a special meetingof members shall be designated by the board of directors.
Amended by Chapter 378, 2010 General Session