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Mortgage Assistance Foundation
Consider Amending Bylaws
The question was raised at the board meeting in October, if the Annual Meeting had to be prescribed in the Bylaws.
The Bylaws currently dictate the annual meeting will be held on the first Thursday of December each year. Although Article XII of the Bylaws does allow that amendments can be made at any Board meeting at which a quorum is present and upon receiving two-thirds vote affirming the proposed amendment.
Staff recommends the Board change the wording in the Bylaws to allow for flexibility when scheduling the Annual Meeting.
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