12 U.S.C. § 1760
Members’ meetings
The fiscal year of all Federal credit unions shall end December 31. The annual meeting of each Federal credit union shall be held at such place as its bylaws shall prescribe. Special meetings may be held in the manner indicated in the bylaws. No member shall be entitled to vote by proxy, but a member other than a natural person may vote through an agent designated for the purpose. Irrespective of the number of shares held, no member shall have more than one vote.
Notes of Decisions
Cited in 5
cases, 1976–1993 · leading case: Ridenour v. Andrews Fed. Credit Union, 897 F.2d 715 (4th Cir. 1990).
Ridenour v. Andrews Fed. Credit Union, 897 F.2d 715 (4th Cir. 1990). “Ridenour himself alleged that his removal violated his rights as a credit union member under 12 U.S.C. §§ 1760 , 1761, and 1761b. Those sections of the Federal Credit Union Act, 12 U.”
Clifton Smith v. Dearborn Fin. Servs., Inc., 982 F.2d 976 (6th Cir. 1993). “Likewise, the claims of the plaintiff in Ridenour were based upon his alleged rights as a credit union member under 12 U.S.C. §§ 1760 , 1761, and 1761b. Similarly, the plaintiff in Rosenberg predicated his claims on 12 U.”
Heiskala v. Johnson Space Ctr. Fed. Credit Union, 474 F. Supp. 448 (S.D. Tex. 1979). “12 U.S.C. §§ 1760 , 1761, and La Caisse Populate Ste-Marie v.”
La Caisse Populaire Ste-Marie (St. Mary's Bank) v. United States, 425 F. Supp. 512 (D.N.H. 1976). “12 U.S.C. §§ 1760 & 1761 mandate democratic control of all federal credit unions.”
Credit Union Nat'l Ass'n v. Am. Inst. of Certified Pub. Accountants, Inc., 832 F.2d 104 (7th Cir. 1987). “12 U.S.C. § 1760 . Doubtless shares are “equity” for some purposes, see § 703 of the Competitive Equality Banking Act of 1987, 101 Stat.”
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