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2006 Minnesota Statutes
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Chapter 51A
Section 51A.09
Topics
Recent History
- 1996 51A.09 Repealed 1996 c 414 art 1 s 44
This is an historical version of this statute chapter. Also view the most recent published version.
51A.09 MEETINGS OF MEMBERS OF MUTUAL ASSOCIATIONS.
Subdivision 1. Annual and special. An annual meeting of the members of each mutual
association shall be held in the month of January, as fixed in the bylaws of the association. Special
meetings may be called as provided in the bylaws.
Subd. 2. Members entitled to vote. The members who shall be entitled to vote at any
meeting of the members shall be those who are members of record at the end of the calendar
month next preceding the date of the meeting of members, except those who have ceased to be
members. The number of votes which members shall be entitled to cast shall be in accordance
with the books on the date determinative of entitlement to vote.
Subd. 3. Voting rights. In the determination of all questions requiring action by the
members, each member shall be entitled to cast one vote, plus an additional vote for each $100
or fraction thereof of the withdrawal value of savings accounts, if any, held by the member. No
member, however, shall cast more than 150 votes.
Subd. 4. Voting by proxy. At any meeting of the members, voting may be in person or by
proxy, provided that no proxy shall be eligible to be voted at any meeting unless the proxy shall
have been filed with the secretary of the association, for verification, at least five days prior to
the date of the meeting. Every proxy shall be in writing and signed by the member or a duly
authorized attorney-in-fact and, when filed with the secretary, shall, unless otherwise specified in
the proxy, continue in force from year to year until revoked by a writing duly delivered to the
secretary or until superseded by subsequent proxies.
Subd. 5. Quorum. At an annual meeting or at any special meeting of the members, any
number of members present in person or by proxy eligible to be voted constitutes a quorum. A
majority of all votes cast at any meeting of members shall determine any question unless sections
51A.01 to 51A.57 specifically provide otherwise.
History: 1969 c 490 s 9; 1981 c 276 s 12; 1986 c 444; 1996 c 414 art 1 s 44; 1997 c 157
s 67; 1998 c 260 s 1
Subdivision 1. Annual and special. An annual meeting of the members of each mutual
association shall be held in the month of January, as fixed in the bylaws of the association. Special
meetings may be called as provided in the bylaws.
Subd. 2. Members entitled to vote. The members who shall be entitled to vote at any
meeting of the members shall be those who are members of record at the end of the calendar
month next preceding the date of the meeting of members, except those who have ceased to be
members. The number of votes which members shall be entitled to cast shall be in accordance
with the books on the date determinative of entitlement to vote.
Subd. 3. Voting rights. In the determination of all questions requiring action by the
members, each member shall be entitled to cast one vote, plus an additional vote for each $100
or fraction thereof of the withdrawal value of savings accounts, if any, held by the member. No
member, however, shall cast more than 150 votes.
Subd. 4. Voting by proxy. At any meeting of the members, voting may be in person or by
proxy, provided that no proxy shall be eligible to be voted at any meeting unless the proxy shall
have been filed with the secretary of the association, for verification, at least five days prior to
the date of the meeting. Every proxy shall be in writing and signed by the member or a duly
authorized attorney-in-fact and, when filed with the secretary, shall, unless otherwise specified in
the proxy, continue in force from year to year until revoked by a writing duly delivered to the
secretary or until superseded by subsequent proxies.
Subd. 5. Quorum. At an annual meeting or at any special meeting of the members, any
number of members present in person or by proxy eligible to be voted constitutes a quorum. A
majority of all votes cast at any meeting of members shall determine any question unless sections
51A.01 to 51A.57 specifically provide otherwise.
History: 1969 c 490 s 9; 1981 c 276 s 12; 1986 c 444; 1996 c 414 art 1 s 44; 1997 c 157
s 67; 1998 c 260 s 1
Official Publication of the State of Minnesota
Revisor of Statutes