Hong Kong Ordinances

CREDIT UNIONS ORDINANCE - SECT 25

Annual and special meetings

PART IV

MEETINGS AND ELECTION OF BOARD AND COMMITTEES

(1) There shall be an annual meeting of the members of a credit  union within
90 days after the end of the financial year within which the first meeting of
the credit union is held pursuant to section 27 and thereafter within 90 days
after the end of each subsequent financial  year. (Amended 35 of 1995 s. 3)

(2) Subject to this Ordinance, special meetings of the members may be called
at the times and in the manner provided in the by-laws.

(3) Where in any case, due to the nature of the common occupation or
employment of the persons forming a credit union, it is not practicable for
all the members thereof to be present at the same instance at its annual or
special meetings, substitute meetings of members may be held on two separate
occasions in the manner provided in the by-laws, and meetings so held shall
together be deemed to be annual or special meetings, whichever is appropriate.

(4) Subject to section 26, the voting and the procedure at annual and special
meetings shall be in accordance with the by-laws.