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MN HF1477
Bill
Status
Passed
5/4/2017
Primary Sponsor
Kelly Fenton
Click for details
AI Summary
- Amends Minnesota Statutes section 52.07 regarding credit union fiscal year, meetings, and voting procedures
- Changes notice delivery requirement from "mailed or handed" to "given" to each member before regular meetings (10 days) and special meetings (7 days)
- Authorizes credit union members to vote by mail or other verifiable means for director elections, credit committee and supervisory member elections, and bylaw amendments upon board resolution
- Maintains prohibition on proxy voting while allowing firms, societies, or corporations to vote through one authorized representative
- Preserves requirement that members own at least one fully paid share and maintain one vote per member regardless of share holdings
Legislative Description
Credit union meetings regulated.
Last Action
Secretary of State Chapter 25 05/02/17
5/4/2017
Committee Referrals
Rules and Administration4/24/2017
Commerce and Regulatory Reform2/20/2017
Full Bill Text
No bill text available