BPWCCUL By-Laws Review 2025 – FINAL VERSION 4 EXISTING BY-LAW PROPOSED CHANGE RATIONALE a. means a share or a debt obligation of the Society, and b. includes a certificate evidencing the share or debt obligation; (s) “security interest” means an interest in or charge on the property of the Society by way of mortgage, charge, hypothec, pledge or other obligation taken by a creditor to secure payment of a debt of the Society. (t) “relative” means a spouse, child, father, mother, brother, sister, uncle, aunt, nephew and niece. (u) “Returning National” means a citizen of Barbados who has lived in a foreign country for five or more consecutive years. (v) “Loan Policy” refers to the loan policy of the Society as determined by the Board of Directors from time to time. The above definitions remain as is except where the changes are outlined. (3) Any words or phrases defined in the Regulations will, if consistent with the subject or context, have the same meaning in these By-laws. REGISTERED ADDRESS By-law 3 The registered address of the Society shall be “Melbourne” Belmont Road, St. Michael or at any other place as may from time to time be determined by the Society or the Board and notified to the Registrar. By-law 3 The registered address of the Society shall be “Melbourne”, Belmont Road, St. Michael or at any other place as may from time to time be determined by the Society or the Board and notified to the Regulator. To replace “registrar’ with “regulator”.
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