PARRIS N. GLENDENING, Governor                             S.B. 126

(2)     AN EXPLANATION OF THE QUESTION, PROPOSAL, OR OTHER
MATTER TO BE VOTED ON; AND

(3)     A POSTAGE PREPAID AND PREADDRESSED RETURN ENVELOPE.

(D) UNLESS OTHERWISE PROVIDED IN THIS TITLE, THE PRINTED BALLOT
SHALL BE MAILED TO EACH ELIGIBLE MEMBER TO VOTE, NOT MORE THAN 30 DAYS
NOR LESS THAN 7 DAYS BEFORE THE DATE SET BY THE BOARD OF DIRECTORS FOR
THE FILING OF THE MAIL BALLOT.

(C) (E) (1) THE QUESTION, PROPOSAL, OR OTHER MATTER IS ADOPTED
ONLY IF APPROVED BY A MAJORITY OF THE BALLOTS TIMELY RECEIVED FROM THE
MEMBERS ELIGIBLE TO VOTE AND VOTING.

(2) THE CREDIT UNION SHALL REPORT THE RESULTS OF THE MAIL
BALLOT TO THE CREDIT UNION MEMBERS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1995.

May 24, 1995

The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis MD 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed Senate Bill 126.

This bill alters the voting requirements for a state credit union proposing to convert to a
federal credit union by specifying that the credit union members may vote on the proposal
by mail ballot filed on or before the date set for a vote. The proposed conversion must be
approved by an affirmative vote by a majority of the credit union members who voted on
the proposal.

House Bill 97, which was passed by the General Assembly and signed by me on May 18,
1995, accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 126.

Sincerely,

Parris N. Glendening

Governor

Senate Bill No. 126

AN ACT concerning

Credit Unions - Conversion of State Credit Union to Federal Credit Union

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