04 NCAC 16D .0201. VOTING BY PROXY

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(a) Voting rights in the affairs of an association shall be exercised by voting either in person or by proxy.

(b) For purposes of this Rule, the term "proxy" shall include every written form of authorization by which a member or a stockholder of an association or his attorney in fact can appoint one or more agents to act for him in the exercise of his voting rights in the affairs of the association.

History Note: Authority G.S. 54B‑55; 54B‑105;

Eff. August 31, 1981.

                    
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