NRS 672.550 Meetings of members; alternative means for participating in meeting.
183 words·~1 min read·
/nv/chapter-672-credit-unions/672-550·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 672.550 Meetings of members; alternative means for participating in meeting.
1. The annual meeting and any special meetings of the members of the credit union shall be held at the time and place and in the manner indicated in the bylaws.
2. The credit union shall provide members with a reasonable opportunity to participate in a meeting and to vote. Except as otherwise provided in the articles of incorporation or the bylaws, members may participate in a meeting through electronic communications, videoconferencing, teleconferencing or other available technology which allows the members to communicate simultaneously or sequentially. Participating in a meeting pursuant to this subsection constitutes presence in person at the meeting.
3. A member may not vote by proxy, but a society, association, copartnership or corporation having membership in the credit union may be represented and vote by one of its members or shareholders if such person has been fully authorized by the governing body of the society, association, copartnership or corporation to represent it.
4. At all meetings a member has but one vote irrespective of his or her share holdings.