ICARC Bylaws

ARTICLE X - AMENDMENT OF ARTICLES AND BYLAWS

Section 10.1. Method of Approval.

    An amendment to the Articles or These Bylaws must be approved by all of the following to be adopted:

         (a) The Board, if the amendment does not relate to the number of directors, the composition of the board, the term of office of directors, or the method or way in which directors are elected or selected.

        (b) The members by two-thirds of the votes cast by the members or a majority of the members' voting power that could be cast, whichever is less, at two consecutive membership meetings, except as provided in section 504.1002(1) of the Revised Act with respect to certain amendments to the Articles.

Section 10.2. Conditions to Approval.

     The person or persons initiating an amendment to the Articles may condition the amendment's adoption on receipt of a higher percentage of affirmative votes or any other basis.

Section 10.3. Notice of Meeting.

    If the Board or the members seek to have the amendment approved by the members at a membership meeting, the Corporation shall give notice to the members of the proposed membership meeting in writing in accordance with Sections 4.5 and 4.6, provided that such notice must be given at least 20 days prior to each such membership meeting. The notice must state that the purpose, or one of the purposes, of the meeting is to consider the proposed amendment and contain or be accompanied by a copy or summary of the amendment.

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Last updated June 11, 2004 by KØCF