Cooperatives - Voting Requirements

Question 1

Amendment of Bylaws

Answer 1

2/3 of Members

Question 2

Amendment of Articles of Cooperation

Answer 2

2/3 of Members

Question 3

Merger or Consolidation

Answer 3

3/4 of Members,
Present and Constituting a Quorum

Question 4

Division

Answer 4

3/4 of Members,
Present and Constituting a Quorum

Question 5

Ratification of contracts with self-dealing directors, officers, or committee members

Answer 5

3/4 of Members,
Present and Constituting a Quorum

Question 6

Ratification of a director’s act of disloyalty

Answer 6

3/4 of Members,
Present and Constituting a Quorum

Question 7

Delegation of the delegable powers of the GA

Answer 7

3/4 of Members,
Present and Constituting a Quorum

Question 8

Removal of an elected officer upon recommendation of the BOD

Answer 8

3/4 of Members,
Present and Constituting a Quorum

Question 9

Granting the directors any compensation other than per diems

Answer 9

Majority of Members

Question 10

Filling up a vacancy due to expiration of term or resignation in the BOD

Answer 10

Majority of Members
Present and Constituting a Quorum

Question 11

Filling up a vacancy, other than by expiration of term, in the Board of Directors, and if BOD DOES NOT constitute a
Majority

Answer 11

Majority of Members
Present and Constituting a Quorum

Question 12

Filling up a vacancy, other than by expiration of term, in the Board of Directors, if BOD is STILL constituting a Majority

Answer 12

Majority of the Remaining Directors

Question 13

Filling up a a vacancy in the committees

Answer 13

Majority of BOD
Present and Constituting a Quorum

Question 14

Recommending to the general assembly the removal of an
elected officer

Answer 14

Majority of BOD
Present and Constituting a Quorum

Question 15

Allocation of interest on share capital

Answer 15

Majority of BOD
Present and Constituting a Quorum

Question 16

Delegation of powers to an executive committee

Answer 16

Majority of BOD

Question 17

Removal of a member with a cause

Answer 17

Majority of BOD

Question 18

Placing an elected officer under preventive suspension pending the resolution of the investigation on his removal

Answer 18

Majority of BOD

Question 19

Special Meeting of General Assembly

Answer 19

Majority of BOD

Question 20

Special Meeting for Board of Directors

Answer 20

Majority of BOD

Question 21

Deferment of payment of interest on share capital

Answer 21

Majority of BOD + Majority of Members
Present and Constituting a Quorum

Question 22

Voluntary dissolution where creditors are affected

Answer 22

Majority of BOD + 3/4 of Members
Present and Constituting a Quorum

Question 22

Voluntary dissolution where no creditors are affected

Answer 22

Majority of BOD + 3/4 of Members
Present and Constituting a Quorum

Question 23

BOD Quorum

Answer 23

Majority

Question 24

Member's Quorum

Answer 24

25% of members with voting rights

Question 25

Quorum of Electric Cooperatives

Answer 25

5% of members with voting rights