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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. § 3016 Annual meetings; notice, agenda, etc. us united_states_code code_section 12 BANKS AND BANKING 31 NATIONAL CONSUMER COOPERATIVE BANK 3016 12 U.S.C. § 3016 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/s3016 data/legal/raw/us/code/title-12/usc12.xml 1c4b7f6253b2eaf330464169f01bc5787852e30e3c75a85494dc00a2dc784d90 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa bdc8dcba64bfce727bfcf45579620b3f0f772cadf61587cdae7b69ec216ef1fb 2026-07-04 official
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12 U.S.C. § 3016 - Annual meetings; notice, agenda, etc.

Text

The Bank shall hold an annual meeting of its stockholders 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 chapter and may participate in the discussion thereof and other matters on the agenda.

(Pub. L. 95351, title I, § 106, Aug. 20, 1978, 92 Stat. 507.)