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svn-org commit: r21 - trunk

From: <rooneg_at_tigris.org>
Date: 2006-07-13 20:33:10 CEST

Author: rooneg
Date: Thu Jul 13 11:33:10 2006
New Revision: 21

Modified:
   trunk/bylaws.html

Log:
Make our votes on financial issues consistent, as suggested by Karen.

* bylaws.html
  (VI-3): Note that these should be two-thirds votes, just like section
   III-10-B-4, the other place we talk about votes about financial issues.

Modified: trunk/bylaws.html
URL: http://svn.collab.net/viewvc/svn-org/trunk/bylaws.html?pathrev=21&r1=20&r2=21
==============================================================================
--- trunk/bylaws.html (original)
+++ trunk/bylaws.html Thu Jul 13 11:33:10 2006
@@ -1576,11 +1576,11 @@
 Corporation or of its parent, affiliate, or subsidiary unless (a) the
 Board decides that the loan or guaranty may reasonably be expected to
 benefit the Corporation, and (b) before consummating the transaction
-or any part of it, the loan or guaranty is approved by either the
-Members, without counting the vote of the Director or officer, if a
-Member, or the vote of a majority of the Directors then in office,
-without counting the vote of the Director who is to receive the loan
-or guaranty.</p>
+or any part of it, the loan or guaranty is approved by either a
+two-thirds vote of the Members, without counting the vote of the
+Director or officer, if a Member, or the vote of a two-thirds majority
+of the Directors then in office, without counting the vote of the
+Director who is to receive the loan or guaranty.</p>
 
 </div> <!-- section -->
 </div> <!-- article -->

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Received on Thu Jul 13 20:33:29 2006

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