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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1760 Members meetings us united_states_code code_section 12 BANKS AND BANKING 14 FEDERAL CREDIT UNIONS 1760 12 U.S.C. § 1760 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1760 data/legal/raw/us/code/title-12/usc12.xml cc1379e23b47236b3532a48bb0c67150f78bb1f009d2586bcd8806b73b6fdaa1 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 4fc894b51aef1df3d9263e98ac123757764712ef283db34ae4181b7a0ca708c5 2026-07-04 official
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12 U.S.C. § 1760 - Members meetings

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.

(June 26, 1934, ch. 750, title I, § 110, formerly § 10, 48 Stat. 1219; renumbered § 11, Pub. L. 86354, § 1, Sept. 22, 1959, 73 Stat. 631; amended Pub. L. 88150, § 1, Oct. 17, 1963, 77 Stat. 270; renumbered title I, § 110, Pub. L. 91468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 97320, title V, § 519, Oct. 15, 1982, 96 Stat. 1531.)

Notes

Editorial Notes

Amendments1982—Pub. L. 97320 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. 88150 substituted “during the following January, February, or March” for “during the month of the following January”.