(1) At an annual general meeting of a credit union each member shall have only one vote on each question irrespective of his shareholding in the credit union.
(2) Subject to subsection (3) of this section, a member of a credit union may not vote by proxy at the annual general meeting of the credit union.
(3) A group of persons which is a member of a credit union may be represented at the annual general meeting of the credit union by a member of that group and the member may vote thereat on behalf of that group if he has been duly authorised in writing by that group to do so and the board of directors of the credit union have, expressly or by implication, accepted such authorisation, and shall be entitled to exercise the same powers on behalf of the group which he represents as that group could exercise if it were an individual member of the credit union.