Type: FCA Regulation
PART 611 - ORGANIZATION
Subpart A - General
§ 611.100 Definitions.
The following definitions apply for the purpose of this part:
(a) Advisory vote means a non-binding vote by the voting stockholders on certain events of the institution.
(b) Business day means a day the institution is open for business, excluding the legal public holidays identified in 5 U.S.C. 6103(a).
(c) Mail ballot means a ballot cast by regular or electronic mail.
(d) Online meeting means a meeting that is conducted over the Internet through the use of mediating technologies, such as online services, computer hardware and software, etc., where technology is used to generate objects and environments that are presented to users through a number of senses (e.g., vision and hearing). The mediating technologies allow people or objects at remote locations to appear locally present or at least allow them to be treated that way during the course of the meeting.
(e) Online meeting space means an online environment where Farm Credit institutions can hold stockholder meetings that allow stockholders to communicate, collaborate, and share information. Any stockholder with the necessary technology requirements and access (e.g., password-protected meetings) must be allowed to connect to his or her institution's online meeting space.
(f) Regional election means the apportionment of a Farm Credit institution's territory into regions in which a director or directors from a region are elected only by those voting stockholders who reside or conduct agricultural or aquatic operations in that same region.
(g) Stockholder-association means an association within a Farm Credit bank district holding voting stock in that bank.
(h) Stockholder-elected director means a director who is elected by the majority vote of the voting stockholders voting to serve as a member of a Farm Credit institution's board of directors.
[75 FR 18740, Apr. 12, 2010, as amended at 77 FR 60595, Oct. 3, 2012]
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