Difference between revisions of "Reviewing Your Non-profit Society's Bylaws"
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{| class="wikitable" | {| class="wikitable" | ||
! | <b>Item</b> | ! | <b>Item</b> | ||
! | ! | <b>Provision in new Act</b> | ||
! | ! | <b>Scope of what bylaws can or must do</b> | ||
! | ! | <b>Implications for your bylaws </b> | ||
|- valign="top" | |- valign="top" | ||
| <strong>Number of directors</strong> | | <strong>Number of directors</strong> | ||
| Line 257: | Line 257: | ||
| Bylaws could set different terms of office, such as two-year terms or staggered terms. If your society uses a board policy to set terms for longer than one year, that provision will need to be added to bylaws. | | Bylaws could set different terms of office, such as two-year terms or staggered terms. If your society uses a board policy to set terms for longer than one year, that provision will need to be added to bylaws. | ||
|- valign="top" | |- valign="top" | ||
| <b> | | <b>Indemnification</b> | ||
| Directors and senior managers who are found legally liable (e.g., for negligence) can be indemnified by society in certain situations. | | Directors and senior managers who are found legally liable (e.g., for negligence) can be indemnified by society in certain situations. | ||
| Bylaws may restrict society’s ability to indemnify directors and senior managers. | | Bylaws may restrict society’s ability to indemnify directors and senior managers. | ||