Section 466. Meetings of shareholders; voting

1.  At  all meetings of
  shareholders of every credit union each shareholder shall have one  vote
  irrespective  of the number of shares which he holds; provided, however,
  after a credit union has been in existence for a period of more than one
  year, only a person who shall have been a  shareholder  of  such  credit
  union  for  ninety  days  prior to the date of any such meeting shall be
  entitled to vote. Every member entitled to vote at a meeting of  members
  of  the  credit union may authorize another person or persons to act for
  him by proxy at such meeting or, if the bylaws so provide, may  vote  by
  mail  in  accordance with the provisions of the bylaws. Every proxy must
  be signed by the member or his attorney-in-fact.    No  proxy  shall  be
  valid except for the meeting specified therein and adjournments thereof.
  Every  proxy  shall be revocable at the pleasure of the member executing
  it. The authority of the holder of a proxy to act shall not  be  revoked
  by  the  incompetence  or  death  of  the  member who executed the proxy
  unless,  before  the  authority  is  exercised,  written  notice  of  an
  adjudication  of  such  incompetence or of such death is received by the
  officer of the credit union responsible  for  maintaining  the  list  of
  members.  A  shareholder  may  vote by proxy at a meeting called to vote
  upon voluntary dissolution. The bylaws may  prohibit  or  further  limit
  proxies   for   members   and  their  duration.  No  officer,  director,
  supervisory committee member, credit  committee  member,  loan  officer,
  clerk, teller or bookkeeper of the credit union shall act as such proxy.
  No  director,  supervisory committee member, credit committee member, or
  officer of a credit union shall be eligible to act as an inspector of an
  election  of  directors,  supervisory  committee  members   and   credit
  committee members, at any meeting of members of the credit union.
    2.  Complete minutes of all shareholders' meetings shall be kept which
  shall include a record of the exact number of members  present  together
  with  a  count  of  votes  cast  for  the  election of all directors and
  committee members.
    3. Upon the petition of any shareholder aggrieved by an election,  and
  upon  notice  to the persons declared elected, the credit union and such
  other persons as the court may direct, the supreme court  at  a  special
  term  held  within  the judicial district where the office of the credit
  union is located shall forthwith hear the proofs and allegations of  the
  parties,  and  confirm  the  election, order a new election or take such
  other action as justice may require.