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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1733.14 | Quorum at member meeting.

Ohio Revised Code
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Title 17 Corporations-Partnerships
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Chapter 1733 Credit Unions
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
July 14, 1987
Legislation:
Senate Bill 149 - 117th General Assembly
PDF:
Download Authenticated PDF
 

Unless the articles or regulations otherwise provide:

(A) Ten per cent of the voting members of a credit union, whether they are present in person, by mail ballot, or by proxy, at any meeting of members constitute a quorum for such meeting.

(B) The act of a majority of the voting members represented in person, by mail ballot, or by proxy at a meeting at which a quorum is present shall control, but no action required by law, the articles, or regulations to be authorized or taken by a designated proportion of the members may be authorized or taken by a lesser proportion.

(C) The voting members represented at a meeting, whether or not a quorum is present, may adjourn such meeting from time to time.

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