Board governance redefined, replacing Corporation and prescribing meeting procedures, nomination, registers, share issuance and fund maintenance rules Section 49 is amended to substitute 'Board' for 'Corporation,' revise meeting procedure and quorum provisions, permit 'fund or funds,' omit specified clauses, add clauses empowering the Board to regulate director elections, statutory registers, member nominations (including minors), share issuance/holding/transfer/registration, maintenance and operation of funds and reserves, and the form and manner of books and records, and to construe prior references to 'Investment Committee' as the Board's Investment Committee.
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Board governance redefined, replacing Corporation and prescribing meeting procedures, nomination, registers, share issuance and fund maintenance rules
Section 49 is amended to substitute "Board" for "Corporation," revise meeting procedure and quorum provisions, permit "fund or funds," omit specified clauses, add clauses empowering the Board to regulate director elections, statutory registers, member nominations (including minors), share issuance/holding/transfer/registration, maintenance and operation of funds and reserves, and the form and manner of books and records, and to construe prior references to "Investment Committee" as the Board's Investment Committee.
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