§ 186.06

186.06 Membership meetings, fiscal year. (1) Manner of meeting. The annual meeting and any special meeting of the members of a credit union shall be held in the manner provided by the bylaws.(1m) Voting. At a meeting, each member shall have one vote irrespective of the member’s share total. Except as provided in sub. (2), a member may not vote by proxy.(2) Representation. An organization, association or corporation member of a credit union may be represented by and have its vote cast by an authorized representative of its members or owners.(2m) Voting eligibility. The bylaws shall prescribe the terms by which a member is eligible to vote at a meeting.(3) Meeting issues. (a) At any meeting, if the notice so indicates, a majority of the members present may direct the board of directors to do any of the following:1. Consider implementing any policy proposed by the members.2. Reconsider any decision of the directors, officers or committees.(b) At any meeting, if the notice so indicates, the members may, by a three-fourths vote of the members present, do any of the following:1. Remove any member of the board of directors.2. Amend the bylaws.(4) Fiscal year.

f the notice so indicates, the members may, by a three-fourths vote of the members present, do any of the following:1. Remove any member of the board of directors.2. Amend the bylaws.(4) Fiscal year. The fiscal year of every credit union shall end at the close of business on December 31.History: 1971 c. 193; 1973 c. 255; 1979 c. 282; 1981 c. 156; 1983 a. 369; 1995 a. 151; 2003 a. 63.