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Form #1390COMPLETE BYLAWS OF NONPROFIT CORPORATION
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COMPLETE BYLAWS OF NONPROFIT CORPORATION
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Complete
bylaws of nonprofit corporation
Article
I.
Meetings
Section 1. Place of meeting. Any or all meetings of
the members, and of the board of directors, of this corporation may be held
within or outside the State of _________, provided that no meeting shall be
held at a place other than the office of _________, in _________, except
pursuant to a bylaw or resolution adopted by the board of directors.
Section 2. Annual meeting of members. An annual
meeting of the members shall be held in each year on the first Monday [or other
day of the week] in _________, at _________ o'clock —.m., one of the purposes
of which shall be the election of a board of directors.
Section 3. Notice of annual meeting of members. At
least _________ days prior to the date fixed by section 2 of this article for
the holding of the annual meeting of members, written notice of the time and
place of the meeting shall be mailed, as provided, to each member entitled to
vote at the meeting.
Section 4. Delayed annual meeting. If, for any reason,
the annual meeting of the members is not held on the day designated, the
meeting may be called and held as a special meeting, and the proceedings may be
there as at an annual meeting, provided that the notice of meeting shall be the
same required for the annual meeting, namely, not less than a _________-day
notice.
Section 5. Order of business at annual meeting. The
order of business at the annual meeting of the members shall be as follows:
(a). Roll call
(b). Reading notice and proof of mailing.
(c). Reading of minutes of last preceding meeting
(d). Report of president
(e). Report of secretary
(f). Report of treasurer
(g). Election of directors
(h). Transaction of other business mentioned in the notice
(i). Adjournment
provided that, in the absence of any objection, the
presiding officer may vary the order of business at his or her discretion.
Section 6. Special meetings of members. A special
meeting of the members may be called at any time by the president, or by a
majority of the board of directors. The method by which the meeting may be
called is as follows: upon receipt of a specification in writing setting forth
the date and objects of the proposed special meetings, signed by the president,
or by a majority of the board of directors, the secretary or an assistant
secretary shall prepare, sign and mail the notices requisite to the meeting.
Notice may be signed by the stamped, typewritten or printed signature of the
secretary or of an assistant secretary.
Section 7. Notice of special meeting of members. At
least _________ days prior to the date fixed for the holding of any special
meeting of members, written notice of the time, place and purposes of the
meeting shall be mailed, as provided, to each member entitled to vote at the
meeting. No business not mentioned in the notice shall be transacted at the
meeting.
Section 8. Organization meeting of board. At the place
of the annual meeting of members and immediately following the meeting, the
board of directors as constituted upon final adjournment of the annual meeting
shall convene for the purpose of electing officers and transacting any other
business properly brought before it, provided, that the organization meeting in
any year may be held at a different time and place than that provided, by
consent of a majority of the directors of the new board.
Section 9. Regular meetings of board. Regular meetings
of the board of directors shall be held not less frequently than once in each
month at the time and place as the board of directors shall determine. No
notice of regular meetings of the board shall be required.
Section 10. Special meetings of board. Special
meetings of the board of directors may be called by the president at any time
by means of written notice by mail of the time, place and purpose to each
director as the president in his or her discretion shall deem sufficient, but
action taken at any meeting shall not be invalidated for want of notice if the
notice is waived as provided.
Section 11. Notices and mailing. All notices required
to be given by any provision of these bylaws shall state the authority pursuant
to which they are issued (as, "by order of the president," or
"by order of the board of directors" as the case may be) and shall
bear the written, stamped, typewritten or printed signature of the secretary or
assistant secretary. Every notice shall be deemed served when it has been
deposited in the United States mail, with postage fully prepaid, plainly
addressed to the addressee at his, her or its last address appearing upon the
membership record of this corporation.
Section 12. Waiver of notice. Notice of the time,
place and purpose of any meeting of the members or of the board of directors,
may be waived by telegram, radiogram, cablegram or other writing, either before
or after the meeting has been held.
Article
II.
Quorum
Section 1. Quorum of members. Presence in person or by
proxy of members representing a majority of the voting rights of this
corporation shall constitute a quorum at any meeting of the members.
Section 2. Quorum of directors. A majority of the
directors shall constitute a quorum.
Article
III.
Voting,
Elections and Proxies
Section 1. Who entitled to vote. Except as the
articles, an amendment, or amendments otherwise provide, each member shall, at
every meeting of the members, be entitled to one vote in person or by proxy
upon each subject properly submitted to vote.
[Or, if the corporation is on a stock share basis, the
following may be substituted]
Section 1. Who entitled to vote. Each member shall
have one vote upon all questions presented for action at any meeting of the
members, provided that holders of shares in this corporation shall have as many
votes as the number of shares held by them respectively.
Section 2. Proxies. No proxy shall be deemed operative
unless and until signed by the member and filed with the corporation. In the
absence of a limitation to the contrary contained in the proxy, it shall extend
to all meetings of the members and shall remain in force three years from its
date, and no longer.
Section 3. Vote by shareholder corporation. Any other
corporation owning voting shares in this corporation may vote by the president
of the shareholder corporation, or by proxy unless some other person shall be
appointed to vote upon the shares by resolution of the board of directors of
the shareholder corporation.
Section 4. Inspectors. Whenever any person entitled to
vote at a meeting of the members requests the appointment of inspectors, a
majority of the members present at that meeting and entitled to vote shall
appoint not more than three inspectors, who need not be members. If the right
of any person to vote at the meeting is challenged, the inspectors shall
determine the right. The inspectors shall receive and count the votes either
upon an election or for the decision of any question and shall determine the
result. Their certificate of any vote shall be prima facie evidence.
Article
IV.
Board of
Directors
Section 1. Number and term of directors. The business,
property and affairs of this corporation shall be managed by a board of
directors composed of _________ persons who shall be members of this
corporation. Each director shall hold office for the term for which he or she
is elected and until a successor is elected and qualified.
Section 2. Classification of directors. At the first
annual meeting of the members, the members of the board of directors shall be
divided into three classes of three members each. The members of the first
class shall hold office for a term of one year; the members of the second class
shall hold office for a term of two years; the members of the third class shall
hold office for a term of three years. At all subsequent annual elections three
directors shall be elected by the members for a term of three years to succeed
the three directors whose term then expires; provided that nothing shall be
construed to prevent the reelection of a director.
Section 3. Vacancies. Vacancies in the board of
directors shall be filled by appointment made by the remaining directors. Each
person elected to fill a vacancy shall remain a director until a successor has
been elected by the members, who may make that election at their next annual
meeting or at any special meeting called for that purpose.
Section 4. Action by unanimous written consent. If and
when the directors severally or collectively consent in writing to any action
to be taken by the corporation, that action shall be as valid a corporate
action as though it had been authorized at a meeting of the board of directors.
Section 5. Power to make bylaws. The board of
directors shall have the power to make and alter any bylaw or bylaws, including
the fixing and altering of the number of the directors, provided, that the
board shall not make or alter any bylaw or bylaws fixing the qualifications,
classifications or term of office of any member or members of the then existing
board.
Section 6. Power to elect officers. The board of
directors shall select a president, one or more vice-presidents, a secretary
and a treasurer. No officer except the president need be a member of the board,
but a vice-president who is not a director shall not succeed to nor fill the
office of president.
Section 7. Power to appoint other officers and agents.
The board of directors shall have the power to appoint other officers and
agents as the board may deem necessary for the transaction of the business of
the corporation.
Section 8. Removal of officers and agents. Any officer
or agent may be removed by the board of directors whenever in the judgment of
the board the business interests of the corporation will be served.
Section 9. Power to fill vacancies. The board shall
have the power to fill any vacancy in any office occurring from any reason.
Section 10. Delegation of powers. For any reason
deemed sufficient by the board of directors, whether occasioned by absence or
otherwise, the board may delegate all or any of the powers and duties of any
officer to any other officer or director, but no officer or director shall
execute, acknowledge or verify any instrument in more than one capacity.
Section 11. Power to appoint executive committee. The
board of directors shall have the power to appoint by resolution an executive
committee composed of two or more directors who, to the extent provided in the
resolution, shall have and exercise the authority of the board of directors in
the management of the business of the corporation between meetings of the
board.
Section 12. Power to require bonds. The board of
directors may require any officer or agent to file with the corporation a
satisfactory bond conditioned for faithful performance of duties.
Section 13. Compensation. The compensation of directors,
officers and agents may be fixed by the board.
Article
V.
Officers
Section 1. President. The president shall be selected
by, and from the membership of, the board of directors. He or she shall be the
chief executive officer of the corporation and shall preside over all meetings
of the board and of the members. He or she shall have general and active
management of the business of the corporation and shall see that all orders and
resolutions of the board are carried into effect. The president shall be ex
officio a member of all standing committees and shall have the general powers
and duties of supervision and management usually vested in the office of
president of a corporation.
Section 2. Vice-presidents. At least one
vice-president shall be chosen from the membership of the board. These
vice-presidents as are board members, in the order of their seniority, shall
perform the duties and exercise the powers of the president during the absence
or disability of the president.
Section 3. Secretary. The secretary shall attend all
meetings of the members and of the board of directors, and of the executive
committee, and shall preserve in the books of the corporation true minutes of
the proceedings of all meetings. He or she shall safely keep in his or her
custody the seal of the corporation and shall have authority to affix it to all
instruments where its use is required. He or she shall give all notices
required by statute, bylaw or resolution and shall perform any other duties as
may be delegated by the board of directors or by the executive committee.
Section 4. Treasurer. The treasurer shall have custody
of all corporate funds and securities and shall keep in the books belonging to
the corporation full and accurate accounts of all receipts and disbursements
and shall deposit all moneys, securities and other valuable effects in the name
of the corporation in the depositaries designated for that purpose by the board
of directors. He or she shall disburse the funds of the corporation as may be
ordered by the board, taking proper vouchers for the disbursements, and shall
render to the president and directors at the regular meetings of the board, and
whenever requested by them, an account of all treasurer transactions and of the
financial condition of the corporation. If required by the board he or she
shall deliver to the president of the corporation, and shall keep in force, a
bond in form, amount and with a surety or securities satisfactory to the board,
conditioned for faithful performance of the duties of the office, and for
restoration to the corporation in case of death, resignation, retirement or
removal from office, of all books, papers, vouchers, money and property of
whatever kind in the possession or control of the treasurer and belonging to
the corporation.
Section 5. Assistant secretary and assistant
treasurer. The assistant secretary, in the absence or disability of the
secretary, shall perform the duties and exercise the powers of the secretary.
The assistant treasurer, in the absence or disability of the treasurer, shall
perform the duties and exercise the powers of the treasurer.
Article
VI.
[For use by nonprofit corporations organized upon a
stock share basis]
Stock
and Transfers
Section 1. Certificates for shares. Every member shall
be entitled to a certificate of shares signed by the president or a
vice-president and the secretary, or the treasurer, or by the assistant
secretary or the assistant treasurer, under the seal of the corporation,
certifying the number of shares represented by the certificate.
Section 2. Transferable only on books of corporation.
Shares shall be transferable only on the books of the corporation by the person
named in the certificate, or by an attorney lawfully constituted in writing,
upon surrender of the certificate. A record shall be made of every transfer and
issue. The shares shall be transferable by assignment or sale, and may be
transferred to legal heirs or devisees upon the decease of the owner.
Section 3. Registered shareholders. The corporation
shall have the right to treat the registered holder of any share as the
absolute owner and shall not be bound to recognize any equitable or other claim
to, or interest in, the share on the part of any other person, whether or not
the corporation shall have express or other notice.
Section 4. Regulations. The board of directors shall
have the power and authority to make all rules and regulations as the board
shall deem expedient regulating the issue, transfer and registration of
certificates for shares in this corporation.
Article
VII.
Execution
of Instruments
Section 1. Checks and drafts. All checks, drafts and
orders for payment of money shall be signed in the name of the corporation and
shall be countersigned, by such officers or agents as the board of directors
shall from time to time designate for that purpose.
Section 2. Contracts, conveyances or other
instruments. When the execution of any contract, conveyance or other instrument
has been authorized without specification of the executing officers, the
president, or any vice-president, and the secretary, or assistant secretary,
may execute it on behalf of this corporation and may affix the corporate seal.
The board of directors shall have the power to designate the officers and
agents who shall have authority to execute any instrument in behalf of this
corporation.
Article
VIII.
Power of
Board To Borrow Money
The board of directors shall have the full power and
authority to borrow money whenever in the discretion of the board the exercise
of that power is required in the general interests of this corporation, and in
that case the board of directors may authorize the proper officers of this
corporation to make, execute and deliver in the name and behalf of this
corporation any notes, bonds, and other evidence of indebtedness as the board
shall deem proper, and the board shall have the full power to mortgage the
property of this corporation, or any part as security for the indebtedness, and
no action on the part of the membership of this corporation shall be requisite
to the validity of any note, bond, evidence of indebtedness or mortgage.
Article
IX.
[For use in nonprofit corporations organized on a
stock share basis]
Membership
Any person holding one or more shares of stock in this
corporation shall be deemed a member.
[Or,
where there are no shares, substitute]
Article
IX.
Membership
and Dues
Any person may be elected to membership in this
corporation by a majority vote of the members present at any annual or special
meeting.
The dues of all members shall be a sum of $_____
payable annually on _________[date] each year.
Any member in default in payment of dues shall be
suspended from all privileges of membership, and if, after notice, the default
is not cured within a period of _________ days, the membership of that member
shall automatically terminate.
Any member may be removed from membership by a
majority vote of the members present at any annual meeting or at any special
meeting of the members called for the purpose, for conduct deemed prejudicial
to this corporation, provided, that the member shall have first been served
with written notice of the accusations and shall have been given an opportunity
to produce witnesses, if any, and to be heard, at the meeting at which the vote
is taken.
Article
X.
Amendment
of Bylaws
Section 1. Amendments, how effected. These bylaws may
be amended, altered, added to or repealed by the affirmative vote of a majority
of the members entitled to vote at any regular or special meeting of the
members if notice of the proposed amendment, alteration, addition or repeal is
contained in the notice of the meeting, or by the affirmative vote of a
majority of the board of directors if the amendment, alteration, addition or
repeal is proposed at a regular or special meeting of the board and adopted at
a subsequent regular meeting; provided, that any bylaws made by the affirmative
vote of a majority of the board of directors as provided here may be amended,
altered, added to or repealed by the affirmative vote of a majority of the
members entitled to vote at any regular or special meeting of the members; also
provided, that no change of the date for the annual meeting of members shall be
made within _________ days before the day on which the meeting is to be held,
unless consented to in writing, or by a resolution adopted at a meeting, by all
members entitled to vote at the annual meeting.
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