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HomeFinancial CodeDiv. 5Ch. 5§ 14822 Credit Union Proxy Voting

§ 14822 Credit Union Proxy Voting

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14822 Credit Union Proxy Voting

This law says that in a credit union, members can't vote by letting someone else vote for them when the vote is done by mail. If a mail vote happens, any previous permission given to someone else to vote for you is paused.

Key Takeaways

  • •You can't let someone else vote for you by mail in a credit union.
  • •If you already gave someone permission to vote for you, that permission is paused during a mail vote.
  • •You have to vote yourself when the credit union sends a mail ballot.

Example

Your credit union sends out a mail ballot to all members to vote on a new rule.

You can't have someone else fill out your ballot for you, even if you gave them permission before. You have to vote yourself.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14822 Credit Union Proxy Voting

Notwithstanding any other provision to the contrary, no member shall vote by proxy on any matter submitted by mail to all members of a credit union in a written ballot pursuant to Chapter 5 (commencing with Section 7510) of Part 3 of Division 2 of Title 1 of the Corporations Code, and the powers of any previously issued or outstanding valid, revocable proxy are suspended when any matter is submitted by mail to all members in a written ballot pursuant to Chapter 5 (commencing with Section 7510) of Part 3 of Division 2 of Title 1 of the Corporations Code. (Added by Stats. 1984, Ch. 209, Sec. 7.)

Last verified: January 11, 2026

Key Terms

vote by proxywritten ballotChapter 5Corporations Code

Related Statutes

  • § 1131 Bank Shareholder Distribution Exemption
  • § 14821 Credit Union Proxy Voting Rules
  • § 18427.10 Corporate Securities Law Exemption
  • § 100025 Debt Collection Advisory Committee
  • § 1100 Bank Purpose Statements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14822.
View Official Source