BPWCCUL By-Laws Review 2025 – FINAL VERSION 32 EXISTING BY-LAW PROPOSED CHANGE RATIONALE of office, by a three-fourths (3/4) majority of the members present at a Special General Meeting and voting with respect to a special resolution presented at that meeting, at which ten (10) days’ notice specifying the intention to propose the resolution has been given. office, by a three-fourths (3/4) majority of the members present at a Special General Meeting and voting with respect to a special resolution presented at that meeting, at which twenty-one (21) days’ notice specifying the intention to propose the resolution has been given. TERMINATION OF OFFICE By-law 41(1) A member of the Board, the Supervisory Committee or Credit Committee shall be deemed to have vacated office as provided for pursuant to the Act, Regulations and ByLaws; or By-law 41(1): No changes By-law 41(2) He becomes destitute or delinquent with his creditors, including this Society or any other co-operative society and such delinquency continues for a period of ninety (90) days; or By-law 41(2) He becomes destitute or delinquent or enters into arrangement with his creditors, including this Society or any other financial institution and such delinquency continues for a period of ninety (90) days; or Expands the criteria to include the making of arrangements with creditors including other financial institutions and not just cooperatives. By-law 41(3) Fails to attend three (3) consecutive meetings of the Board, the Supervisory Committee or the Credit Committee without giving satisfactory explanation to the Board or the relevant committee within seven (7) days of his absence from the third meeting. By-law 41(3) Without due excuse approved by the requisite Committee, failed to attend three (3) consecutive meetings of the Board, the Supervisory Committee or the Credit Committee without giving satisfactory explanation to the Board or the relevant committee within seven (7) days of absence from the third meeting; or Expanded on (3) to include other potential criteria that can lead to elected officers’ positions being vacated. New By-laws 41 (4) – (11) 4) Resigns by sending any form of written communication to the Secretary of the Society; or
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