Section 35March 10, 1990, Sec./Art. 35

Meetings. - (1) A regular meeting shall be held annually by the general assembly on a date fixed in the by-laws, or if not so fixed, on any date within ninety (90) days after the close of each fiscal year: Provided, That written notice of regular meetings shall be sent to all members of record at their official addresses at least two (2) weeks prior to the meeting, unless a different period is required in the by-laws.

(2) Whenever necessary, a special meeting of the general assembly may be called at any time by a majority of the board of directors or in the cases specified in the by-laws: Provided, That at least one (1) week written notice shall be sent to all members. However, a special meeting shall be called by the board of directors after compliance with the required notice within one (1) month after receipt of a request in writing from at least ten per cent (10%) of the total members to transact specific business covered by the call.

If the board fails to call a regular meeting or a special meeting within the given period, the Cooperative Development Authority, upon petition of ten per cent (10%) of all the members of the cooperative, and for good cause shown, may issue an order to the petitioners directing them to call a meeting of the general assembly by giving proper notice required by this Code or by the by-laws.

(3) In the case of a newly approved cooperative, a special general assembly shall be called within ninety (90) days from such approval;

(4) The Authority may call a special meeting of the cooperative:

(a) For the purpose of reporting to the members the result of any audit, examination, or other investigation of the cooperative affairs ordered or made by him; or

(b) When the cooperative fails to hold an annual general assembly during the period required for the purpose of enabling the members to secure any information regarding the affairs of the cooperative and benefits that they are entitled to receive pursuant to this Code.

(5) Notice of any meeting may be waived, expressly or impliedly, by any member.