LindaA1 (New Hampshire)
Posts: 25
Posts: 25
Posted:
What is the difference as far as amendments are concerned?
Our covenants seem clear that all members need to submit a written vote to achieve 75% majority for amendments.
Our By-Laws state: "The By-Laws of the corporation may be amended, added to, rescinded or repealed at any meeting of the members, provided notice of the proposed change is given in the notice of the meeting. Subject to the Board of Directors, the Board of Directors at any meeting may make additional By-Laws for the corporation and may from time to time amend, add to, rescind or repeal By-Laws.
No amendment shall make any changes in the qualification for membership nor the voting rights of members without approval by a three-fourths majority vote of all members."
Does this means that the BOD may change By-Laws? Specifically, can the term of office be changed? Our By-Laws state terms are to be one year. Officers are also to be elected yearly.
Thanks!
Linda
Our covenants seem clear that all members need to submit a written vote to achieve 75% majority for amendments.
Our By-Laws state: "The By-Laws of the corporation may be amended, added to, rescinded or repealed at any meeting of the members, provided notice of the proposed change is given in the notice of the meeting. Subject to the Board of Directors, the Board of Directors at any meeting may make additional By-Laws for the corporation and may from time to time amend, add to, rescind or repeal By-Laws.
No amendment shall make any changes in the qualification for membership nor the voting rights of members without approval by a three-fourths majority vote of all members."
Does this means that the BOD may change By-Laws? Specifically, can the term of office be changed? Our By-Laws state terms are to be one year. Officers are also to be elected yearly.
Thanks!
Linda