6-414. Members A. The membership of an association shall consist of: 1. Every holder of an account or one or more shares of guaranty capital issued by the association. 2. Every borrower from the association, as long as his loan remains unpaid and he remains liable to the association for the payment thereof, and every […]
6-415. Members’ meetings A. Each annual meeting of the members shall be held at the time specified in the articles of incorporation; but the failure to hold an annual meeting at the time so specified shall not work a forfeiture or dissolution of the association. The board of directors, or the holders of not less […]
6-416. Record date for voting, dividend and other purposes For the purpose of determining the holders of accounts and of shares of guaranty capital, and membership entitled to notice of or to vote at any meeting of the members, or in order to make a determination of the members, holders, or other persons for any […]
6-417. Directors The business affairs of the association shall be exercised by its board of directors, which shall be elected, and shall exercise its powers, as follows: 1. The board of directors shall consist of the number of directors fixed by the articles of incorporation but shall be not less than five nor more than […]
6-418. Waiver of notice Whenever notice is required to be given under this chapter, a waiver thereof in writing signed by the person or persons entitled to said notice shall be deemed equivalent thereto.
6-419. Officers A. The officers of an association shall consist of a president, one or more vice presidents, secretary, treasurer, and such other officers as the by-laws shall provide, to be elected by the directors. If the by-laws so provide, any two or more offices may be held by the same person, except that one […]
6-420. Bonds of officers and employees A. Every person appointed or elected to any position requiring the receipt, payment, management or use of money belonging to an association, or whose duties allow the person to have access to or custody of any of the association’s money or securities or whose duties allow the person regularly […]
6-421. Access to books and records; communication with members A. Every member or holder of capital shall have the right to inspect such books and records of the association as pertain to the member’s or holder’s account. Otherwise, the right of inspection and examination of the books and records shall be limited to the deputy […]
