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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 February 2024 - onwards
Version 6 of 6

82. Supplementing provisions as to general meetings.

(1) The Bank shall have the right to attend and speak at any general meeting of a credit union.

(2) At a general meeting of a credit union, or any adjournment thereof, each member shall have only one vote on each question, irrespective of the member's shareholding in the credit union.

(3) [deleted]

(4) Where a member of a credit union is not a natural person, that member may be represented at a general meeting by a representative who may vote on behalf of the member if -

(a) the representative is duly authorised in writing by the member to do so; and

(b) the board of directors of the credit union have, expressly or by implication, accepted that authorisation;

and such a representative shall be entitled to exercise, on behalf of the member, the same powers as the member could exercise if the member were a natural person.

(5) Any provision in the rules of a credit union shall be void in so far as it would have the effect either -