Page:United States Statutes at Large Volume 54 Part 1.djvu/518

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PUBLIC LAWS-CH. 397-JUNE 19, 1940 Meetings by units of the membership. member at his last-known address not less than the number of days in advance of the meeting specified in the bylaws. In case of a spe- cial meeting the notice shall specify the purpose for which such meeting is called. SEC. 12. MErEINGS BY UNITS OF THE MEMBERSHIP.- The articles or bylaws may provide for the holding of meetings by units of the mem- bership and may provide for a method of transmitting the votes there cast to the central meeting, or for a method of representation by the election of delegates to the central meeting; or for a combination of both such methods. ARTICLE VI-VOTING One member-one SEC. 13. ONE MEMBER-ONE VOTE. -Each member of an association ote. shall have one and only one vote, except that where an association includes among its members any number of other associations or groups organized on a cooperative basis the voting rights of such member associations or groups may be as prescribed in the articles or bylaws. No voting agreement or other device to evade the one-member-one - vote rule shall be enforceable at law or in equity. No prory. SEC. 14 . No PROXY. -No member shall be permitted to vote by proxy. voting by maiL SxA. 15. VOTING BY MAIL.- The articles or bylaws may provide for either or both of the following types of voting by mail: (1) That the secretary shall send to the members a copy of any proposal scheduled to be offered at a meeting, together with the notice of said meeting, and that the mail votes cast by the members shall be counted together with those cast at the meeting if such mail votes are returned to the association within a specified number of days; (2) That the secretary shall send to any member absent from a meeting an exact copy of the proposal acted upon at the meeting, and that the mail vote of the member upon such proposal, if returned within a specified number of days, shall be counted together with the votes cast at said meeting. The articles or bylaws may also determine whether and to what extent mail votes shall be counted in computing a quorum. SEC. 16. APPLICATION OF VOTING PROVISIONS IN THIS ACT TO VOTING BY MAIL. - If an association has provided for voting by mail, any pro- vision of this Act referring to votes cast by the members shall be construed to include the votes cast by mail. Votingbydelegates. SEC. 17 . APPLICATION OF VOTING PROVISIONS IN THIS ACT TO VOTING BY DELEGATES.- If an association has provided for voting by delegates any provision of this Act referring to votes cast by the members shall apply to votes cast by delegates; but this shall not permit delegates to vote by mail. ARTICLE VII-DIRECTORS AND OFFICERS Board of directors. Vacancies. Apportionment of directors. SEC. 18. DIRECTORS.-An association shall be managed by a board of not less than five directors, who shall be elected for a term fixed in the bylaws not to exceed three years, by and from the members of the association and shall hold office until their successors are elected, or until removed. Vacancies in the board of directors, otherwise than by removal or expiration of term, shall be filled in such manner as the bylaws may provide. The bylaws may provide for a method of apportioning the number of directors among the units into which the association may be divided, and for the election of directors by the respective units to which they are apportioned. 484 [54 STAT.