WILLIAM DONALD SCHAEFER, Governor                    Ch. 802

(a)  (1) The annual meeting of the members of a credit union
shall be held as provided by the bylaws and at the time and place
that the bylaws provide.

(2)  Special meetings of members shall be held:

(i) On order of the directors or the
supervisory committee; or

(ii) At the request of 10 percent of the
members.

(3)  Notice of each meeting shall be given as the
bylaws provide.

(b)  (1) Each member of a credit union has one vote,
notwithstanding the number of shares that the member holds.

(2) A member may not vote by proxy. However, a
member that is not a natural person may be represented by an
individual authorized by the member to represent it.

(c)  (1) At any meeting of the members of a credit union,
the members may:

(i) Decide any question of interest to the
credit union;

(ii) Overrule the board of directors; and

(iii) Amend the bylaws OR ARTICLES OF
INCORPORATION as provided in § 6-222 of this subtitle.

(2) At the annual meeting of the members, the members
shall elect directors, unless they are elected as provided in §
6-215 of this subtitle.

6-222.

(a)  At any meeting of the members of a credit union, the
members may amend the bylaws OR ARTICLES OF INCORPORATION if:

(1)  The notice of the meeting specifies the amendment
to be considered; and

(2)  75 percent of the members present in person or by
representation vote for the amendment.

(b)  An amendment to the bylaws OR ARTICLES OF INCORPORATION
does not become effective until the amendment is approved by the
Bank Commissioner and a copy certified by the Bank Commissioner
is filed with the State Department of Assessments and Taxation.

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