BPWCCUL By-Laws Review 2025 – FINAL VERSION 10 EXISTING BY-LAW PROPOSED CHANGE RATIONALE occupation and contain such other information as may be prescribed from time to time. By-law 15 The election of applicants for membership shall be by the Board but no person thus admitted to membership shall become a member or be entitled to any of the rights or privileges of membership until he has paid an entrance fee of $5.00, subscribing and paying for not less than one share of the Society. All such entrance fees shall go into the Reserve Fund. By-law 15 The approval of applicants for membership shall be by the Board through authority delegated to the management of the Society, but no person thus admitted to membership shall become a member or be entitled to any of the rights or privileges of membership until he has paid a membership fee determined and published by management from time to time, including but not limited to subscribing to and paying for the minimum number of qualifying shares for the type of membership. All such membership fees shall go into the Reserve Fund. The Society shall reserve the right to approve or reject applications for membership. Removes the absolute figure and provides the board with flexibility to amend the entry fee without going back to the membership. By-law 16 A member shall cease to be a member and his membership shall be terminated if he: a) dies; b) withdraws from the Society by giving written notice to the Secretary; c) ceases to hold the required number of qualifying shares prescribed by By-Law 21 (a) or By-Law 21 (b); d) is expelled as provided in the Act, Regulations or Bylaws. By-law 16 A member shall cease to be a member and his membership shall be terminated upon: a) death b) withdrawal of membership from the Society by giving written notice to the Society, provided that no member may withdraw while indebted to the Society c) ceasing to hold the required number of qualifying shares prescribed by By-Law 21 (a) or By-Law 21 (b) d) expulsion from the Society in accordance with the Act, Regulations, Regulator Guidelines and By-laws or the Society’s policies e) dissolution of the Society Reworded for greater clarity.
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