BPWCCUL By-Laws Review 2025 – FINAL VERSION 12 EXISTING BY-LAW PROPOSED CHANGE RATIONALE By-law 21(a) In accordance with the provisions of Section 10(1) (a), (v) of the Act, a member who is sixteen (16) years or older shall pay and thereafter maintain contributions to qualifying shares a value of twenty-four (24) qualifying shares. By-law 21(a): No changes By-law 21(b) A member who has not yet attained the age of sixteen (16) years shall pay and thereafter maintain contributions to qualifying shares at a value of ten (10) qualifying shares and on attaining the age of sixteen (16) years, that member shall pay and thereafter maintain contributions to qualifying shares at a value of twenty-four (24) qualifying shares. By-law 21(b): No changes By-law 21(c) A member who is sixteen (16) years or older who name was entered in the Society’s register of members prior to the enactment of this By-law, shall within the first six (6) months of the enactment of this By-law, pay and thereafter maintain contributions to the value of twenty-four (24) qualifying shares. By-law 21(c) To be deleted as grace period has passed The originally stated grace period has been passed and the actions required of the members has been made null and void by the passage of time By-law 21(d) A member who has not yet attained the age of sixteen (16) years whose name was entered in the Society’s registrar of members prior to the enactment of this By-law, shall within the first six (6) months of the enactment of this ByBy-law 21(d) To be deleted as grace period has passed The originally stated grace period has been passed and the actions required of the members has been made null and void by the passage of time
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