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Can you summarize 17 PACS Chapter 9?
CREDIT UNIONS > AMENDMENT OF ARTICLES
Short Summary
This legal document governs the procedure for amending the articles of incorporation for credit unions in Pennsylvania. It states that the articles of incorporation can be amended at any regular or special meeting of the credit union, provided that notice of the meeting and the proposed amendment is given to each member at least ten days prior to the meeting. Alternatively, the articles of incorporation can be amended through mail ballot voting as specified in the bylaws. Approval of the amendments requires a majority vote of the members present at the meeting or responding by mail ballot. A quorum of members must be present or a sufficient number of mail ballots must be returned for the amendments to be considered. This document does not mention any specific exemptions or penalties.
Whom does it apply to?
Credit unions in Pennsylvania
What does it govern?
Amendment of articles of incorporation for credit unions in Pennsylvania
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Pennsylvania