Credit Union Act 1997

Supplementing provisions as to general meetings.

82

82. (1) The F177 [ Bank ] shall have the right to attend and speak at any general meeting of a credit union.

(2) At a general meeting of a credit union, or any adjournment thereof, each member shall have only one vote on each question, irrespective of his shareholding in the credit union.

(3) F178 [ ]

(4) Where a member of a credit union is not a natural person, that member may be represented at a general meeting by a representative who may vote on behalf of the member if—

( a) the representative is duly authorised in writing by the member to do so; and

( b) the board of directors of the credit union have, expressly or by implication, accepted that authorisation;

and such a representative shall be entitled to exercise, on behalf of the member, the same powers as the member could exercise if the member were a natural person.

(5) Any provision in the rules of a credit union shall be void in so far as it would have the effect either—

F179 [ ( a ) of excluding the right to demand a poll at a general meeting (or an adjourned meeting) on any question, other than the election of the chair of the meeting (or the adjourned meeting); or ]

( b) of making ineffective a demand for a poll on any such question which is made by not less than ten members having the right to vote at the meeting (or, as the case may be, the adjourned meeting).

F180 [ (6) The Minister may, if he or she considers it appropriate, by regulations under section 182 , make further provision for all or any of the following in relation to general meetings to be held wholly or partly by the use of electronic communications technology:

( a ) the convening and conduct of the meetings;

( b ) attendance at the meetings;

( c ) access to and participation in the meetings;

( d ) such other matters relating to the meetings as he or she considers appropriate for the purposes of section 78A or 78B , as the case may be. ]

Annotations

Amendments:

F177

Substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 47, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26.

F178

Deleted (16.12.2020) by Finance (Miscellaneous Provisions) Act 2020 (25/2020), s. 10(a), commenced on enactment.

F179

Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 75, S.I. No. 393 of 2013.

F180

Inserted (16.12.2020) by Finance (Miscellaneous Provisions) Act 2020 (25/2020), s. 10(b), commenced on enactment.