BPWCCUL By-Laws Review 2025 – FINAL VERSION 47 EXISTING BY-LAW PROPOSED CHANGE RATIONALE for those loans and that they are properly filled out and signed by the borrowers. By-law 58(3) Due notice of each meeting shall be given to the other members of the Committee by the Secretary. A majority of the members of the Committee shall constitute a quorum. By-law 58(3) No changes By-law 58(4) Within twenty-one (21) days of the end of each month, the Treasurer or requisite Manager shall submit for attestation by the Supervisory Committee, the monthly returns as required by Section 127(2) of the Act. By-law 58(4) No changes By-law 58(5) The Supervisory Committee shall keep minutes of its meetings and shall in accordance with Section 216(2) of the Act:- a) within seven (7) days of each meeting report the results thereof in writing to the Board; and b) submit a written report to the Annual General Meeting of the members of the Society. By-law 58(5) No changes By-law 59(1) If in the opinion of the Supervisory Committee, the funds, securities or other property of the Society have been misappropriated or misdirected, or in the event that the Bylaws of the Society, the Act or the Regulations have been contravened by the Board of Directors, the Credit Committee or a member thereof or an officer or employee By-law 59(1) No changes
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