Iowa Admin. Code r. 189-12.1 - Voting requirements and eligibility
(1) All elections
are determined by plurality vote.
(2) A member shall have one vote regardless
of the number of or class of shares held by the member. Jointly held ownership
shares are entitled to one vote, and joint tenants shall not be permitted to
cast more than one vote per ownership share jointly held.
(3) Members shall not vote by
proxy.
(4) A member other than a
natural person may cast a single vote through a delegated agent.
(5) Members shall be at least 16 years of age
by the date of the meeting in order to vote, sign nominating petitions, or sign
petitions requesting special meetings.
(6) Members shall be at least 18 years of age
by the date of the meeting where the election or appointment will occur in
order to hold an elected or appointed position.
(7) The quorum for membership votes shall be
no less than twice the members of the board of directors, plus two, as recorded
in the credit union's bylaws.
Notes
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