2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369 Savings and Loan Associations
Section 369.094 Meetings, when, notice, voting.

Effective 28 Aug 1983

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

369.094. Meetings, when, notice, voting. — 1. An annual meeting of the members of each mutual association shall be held on a date fixed by the bylaws of the association or, if none is so fixed, on the fourth Monday in March. A failure to hold the annual meeting at the time so specified shall not work a forfeiture or dissolution of the association. Special meetings may be called by the board of directors, the president, or the secretary upon the written request of members entitled to cast at least one-tenth of all the votes which all members are entitled to cast at the particular meeting, or by such other officers or persons as may be provided in the bylaws.

2. Notice of the annual meeting of members shall be published once not less than ten days nor more than thirty days before the date of the meeting in a newspaper published in the city or county where the principal office of the association is located. Notice for any special meeting shall be so published once not less than ten nor more than thirty days before the date of the meeting. All notices shall state the place, day and hour, and if a special meeting of members, the purpose of the meeting. The purpose of an annual meeting need be stated in the notice only to the extent required by other provisions of sections 369.010 to 369.369.

3. Each member shall have one vote plus an additional vote for each one hundred dollars or fraction thereof of the withdrawal value of the accounts of such member in excess of one hundred dollars. The association may by its bylaws limit the number of votes to which any member may be entitled.

4. Any number of the members present in person or by proxy at any meeting shall constitute a quorum for the transaction of business. A majority of all votes cast at any meeting of members shall determine any question unless sections 369.010 to 369.369 specifically provide otherwise. A proxy not limited as to duration shall continue in effect until revoked in writing and in case of death or mental incapacity of the member until notice thereof is received by the association in writing. Proxies shall be filed with the secretary of the association not less than five days before the meeting.

5. Accounts standing in the name of a fiduciary may be voted either in person or by proxy of the fiduciary. A member whose account is pledged is entitled to vote, in person or by proxy, until the account has been transferred on the books of the association and thereafter the transferee shall be entitled to vote in person or by proxy.

6. Except as provided in this chapter all meetings of the stockholders of capital stock associations shall be held as prescribed and shall be governed by the provisions of the general and business corporation law of Missouri.

(L. 1971 S.B. 3 § 18, A.L. 1982 S.B. 464, A.L. 1983 S.B. 44 & 45)