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ORS 723.196

Known as the Oregon Credit Union Act

The act spans §§ 723.001 to 723.995 (180 sections).

1975 c.652 §23; 1999 c.185 §12; 2005 c.95 §5; 2019 c.45 §3

(1) The annual meeting and any special meetings of the members of the credit union shall be held at the time and in the manner indicated by the bylaws.

(2) At meetings described in subsection (1) of this section, a member has one vote, irrespective of the amount of that member’s shareholdings. A member may not vote by proxy, but a member may vote by mail or electronic ballot if allowed by the bylaws of the credit union. The board of directors shall establish procedures to safeguard the confidentiality and integrity of the voting process. As used in this subsection, “electronic” has the meaning given that term in ORS 84.004.

(3) The board may establish a minimum age as a qualification of eligibility to vote at meetings of the members.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.