Tex. Finance Code § 122.052
This is the official text of Tex. Finance Code § 122.052, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 122.052. MEETINGS OF MEMBERS; VOTING.
Official statutory text
(a) Members of a credit union shall hold an annual or special meeting at the time and place and in the manner provided by the bylaws.
(b) In determining a question requiring action by the members, each member may cast only one vote, regardless of the number of shares the member holds.
(c) The board may authorize voting by mail or by electronic means. Mail and electronic balloting shall be conducted in accordance with commission rules.
(d) A member that is not an organization may not vote by proxy. A member that is an organization may be represented by and vote through a designated representative who is authorized, in writing, by the organization's governing body to represent the organization.
(e) The credit union's bylaws may establish a minimum age requirement to vote.
(b) In determining a question requiring action by the members, each member may cast only one vote, regardless of the number of shares the member holds.
(c) The board may authorize voting by mail or by electronic means. Mail and electronic balloting shall be conducted in accordance with commission rules.
(d) A member that is not an organization may not vote by proxy. A member that is an organization may be represented by and vote through a designated representative who is authorized, in writing, by the organization's governing body to represent the organization.
(e) The credit union's bylaws may establish a minimum age requirement to vote.
Status: in_force · Read it on the official government site
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