BPWCCUL By-Laws Review 2025 – FINAL VERSION 49 EXISTING BY-LAW PROPOSED CHANGE RATIONALE and such delinquency continues for a period of ninety (90) days. Clauses (1) (a), (b) and (d) remain unchanged. By-law 60(2) In the event of a vacancy, the remaining Supervisors shall fill such vacancy by the election of his successor. By-law 60(2) In the event of a vacancy on the Supervisory Committee, the members of the Supervisory Committee then in office shall fill the vacancy within two (2) months until the next Annual General Meeting. Amended to bring about consistency in the language around the filling of vacancies and explicitly places a time limit on the term of the officer filling the vacancy. LOANS TO MEMBERS By-law 61 The Society shall make loans to its members only and for provident and productive purposes. All loans made shall be applied by the borrowing members to such purpose as has been approved. By-law 61: No changes By-law 62 The terms and conditions on which loans may be made to members shall be fixed by the Board from time to time provided always that the interest shall be computed on the monthly unpaid balance of the loan. By-law 62: No changes By-law 63 No loan shall be made to any member who is not in good standing, or is otherwise a defaulter, except as provided in By-Law 68 (g). By-law 63: No changes
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