Indiana Adoption of Amendment to Bylaws Authorizing Election of Directors Emeritus

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Multi-State
Control #:
US-CC-14-192
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Word; 
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Description

This is an Adoption of an Amendment to the Bylaws, Authorizing the Election of Directors Emeritus. A Director Emeritus, is an honorary member of the Board of Directors. This person must have held a position on the Board of Directors for a certain number of terms, and this designation simply honors the work they did for the company.

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FAQ

Bylaws may be amended ing to the procedures and voting requirements contained within the bylaws. When the bylaws do not contain provisions for their amendment, they may be amended by approval of a majority of the members at a meeting where quorum is present.

The power to repeal a bylaw is a necessary and related power to the ability to pass a bylaw. A bylaw that is in effect may only be cancelled by a repealing bylaw. When a bylaw has no further need, action or consequence it is redundant and should be repealed.

Bylaws are laws passed by municipal councils and regional district boards to exercise their statutory authority. Bylaws may be used for a variety of different purposes, including establishing meeting procedures, regulating services, prohibiting an activity, or requiring certain actions.

To officially amend (create, change or delete) bylaws, the strata corporation or section must file the change on a ?Form I: Amendment to Bylaws? at the Land Title Office. New and changed bylaws do not take effect until they are filed at the Land Title Office with the exception of pet bylaws.

Provincial review and statutory approval by the Inspector of Municipalities (six to eight weeks) Period during which bylaw can be challenged by applying to Supreme Court (one month)

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Indiana Adoption of Amendment to Bylaws Authorizing Election of Directors Emeritus