BPWCCUL By-Laws Review 2025 – FINAL VERSION 56 EXISTING BY-LAW PROPOSED CHANGE RATIONALE deemed to have one fully paid share for each $5.00 paid in before the end of the preceding financial year. By-law 74 The Society may make contributions to any charitable purpose or to a common good fund if a dividend of not less than four percent (4%) has been approved. By-law 74 No changes By-law 75 The remaining net profits of the Society may be distributed as a bonus among the members who have borrowed from the Society during the accounting year in proportion to the interest paid by them during the year. By-law 75 No changes INVESTMENTS AND FUNDS By-law 76 The Society may invest its funds as provided by the Act. By-law 76 No changes ANNUAL ACCOUNTS AND REPORTS AND AUDITS By-law 77 The Directors of the Society, in keeping with the provisions of the Act, shall: 1) cause the Society’s books to be audited annually; 2) cause the annual financial statements and accounts of the Society to be prepared and presented to the annual general meeting of members By-law 77 No changes
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