MARVIN MANDEL, Governor

1839

THE NUMBER OF SHARES HE HOLDS.

(2) A MEMBER MAY NOT VOTE BY PROXY. HOWEVER,
A MEMBER WHICH IS NOT A NATURAL PERSON MAY BE REPRESENTED
BY AN INDIVIDUAL AUTHORIZED BY THAT MEMBER TO REPRESENT
IT.

(C) BUSINESS TO BE CONSIDERED AT MEETINGS.

(1)       EXCEPT AS PROVIDED IN THIS SECTION, AT
ANY MEETING OF THE MEMBERS OF A CREDIT UNION, THEY MAY
DECIDE ON ANY QUESTION OF INTEREST TO THE CREDIT UNION
AND MAY OVERRULE THE BOARD OF DIRECTORS.

(2)       AT THE ANNUAL MEETING OF THE MEMBERS, THE
MEMBERS:

(I)        SHALL ELECT A BOARD OF DIRECTORS, EXCEPT

AS PROVIDED IN §6-314 OF THIS SUBTITLE; AND

(IT) MAY AMEND THE BYLAWS AS PROVIDED IN
§6-312 OF THIS SUBTITLE.

REVISOR'S NOTE: This section presently appears as
the second through seventh sentences of Art.
11, §143(a) and the first sentence of Art. 11,
§144.

In subsection (b) (2) of this section, the
phrase "member not a natural person" is
substituted for the checklist "society,
association...."

The provisions of present §14 3 which relate to
amendments of bylaws and mail ballots are
included in §§ 6-312 through 6-314.

The provisions of present §144 which relate to
the number, qualifications, oath, and tenure
of office of directors, officers, and
committeemen are included in §§6—315 through
6-318.

6-311. FISCAL YEAR.

THE FISCAL YEAR OF EVERY CREDIT UNION SHALL END AT
THE CLOSE OF BUSINESS ON DECEMBER 31.

REVISOR'S NOTE: This section presently appears as
the first sentence of Art. 11, §143.

The only changes are in style.

6-312. AMENDMENT OF BYLAWS - IN GENERAL.