2018 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-26 - Meetings of members.
A. The annual meeting and any special meetings of the members shall be held in accordance with the bylaws.
B. At all meetings a member shall have but one vote, irrespective of his shareholdings. No member may vote by proxy, but a member may vote by absentee ballot, mail or other method if the bylaws of the credit union so provide.
C. An organization having membership in a credit union, may be represented and have its vote cast by one of its members or shareholders, provided that person has been so authorized by the organization's governing body.
History: Laws 1987, ch. 311, § 26.
Repeals and reenactments. — Laws 1987, Chapter 311 repealed 58-11-26 NMSA 1978, as amended by Laws 1975, ch. 344, § 24, relating to merger, effective June 19, 1987, and enacted a new section.
Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
