BPWCCUL By-Laws Review 2025 – FINAL VERSION 59 EXISTING BY-LAW PROPOSED CHANGE RATIONALE to the loan of any member without the consent of such member in writing. 2) No member has the right to observe meetings of the Board of Directors, committees of the Board of Directors, the Supervisory Committee or the Credit Committee unless specifically invited to do so, by a duly authorized person. 3) A group of members of the Society has the right, upon submission of a demand to the Board, to inspect nonconfidential portions of the Society’s records and minutes of the proceedings of the Society’s members, Board of Directors, Committees of the Board of Directors, the Supervisory Committee or the Credit Committee. At least two hundred and fifty (250) members must sign the demand. Each member who signs must have been a member of the Society for at least one year at the time the demand is submitted to the Society. 4) If the Society denies inspection because the petitioners have failed to obtain the minimum number of valid signatures, the Society must inform the petitioners. 5) A demand for inspection of records must describe the particular records to be inspected and state a proper reason for the inspection. The demand must state that the requesting members as a whole, or certain named members, agree to pay the direct and reasonable costs associated with the search and any desired duplication of requested material. The demand must also state that the inspection is not desired for any purpose other than
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