§ 19-5-7 Voting rights. –
No person shall be entitled to vote at any meeting who has not been a member of
the credit union for more than three (3) months, but this restriction shall not
apply during the first year of the existence of the credit union, nor shall it
apply during the first three (3) months of the second year to any member who
was a member at the end of the first year and who has been a member
continuously since that time. No member shall have more than one vote, and no
member shall be permitted to vote by proxy, unless expressly authorized by the
by-laws or except as otherwise provided in this chapter. Any fraternal
organization, voluntary association, partnership, or corporation holding
membership may, by duly authorized agent, cast one vote at any meeting, but
that agent shall not be eligible to election as an officer, or as a member of
the board of directors, credit committee or supervisory committee unless that
agent holds membership, as an individual, in the credit union.
(P.L. 1995, ch. 82, § 43.)