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regular shares of the par price of 5 dollars ($5.00) Each individual or these other amount of money as may possibly from time to time be set because of the by-regulations in the Affiliation, and
A Director could be faraway from Office environment via the positive vote of not a lot less than two- thirds (2/3rds) of the Affiliation at a Particular Assembly on the Affiliation identified as for that objective. A Distinctive Meeting named for the purpose of taking away a Director might only be termed and held on the prepared requisition delivered to the Chief Corporate Affairs Officer of not less than fifty % (fifty%) on the Delegates.
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"Year" signifies the once-a-year fiscal duration of the Affiliation and shall correspond towards the period of time lined by the Affiliation's once-a-year financial statements, and "12 months" usually means a calendar yr.
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A Delegate may perhaps at any typical or Special Assembly of the Association be faraway from Business office because of the good vote of not less than two-thirds (2/3rds) of the quantity of Administrators and Delegates then in Office environment. A Exclusive Conference in the Affiliation referred to as for the goal of eliminating a Delegate may well only be identified as and held on the published requisition sent to the Chief Company Affairs Officer of not under fifty p.c (50%) of the Directors and Delegates then in Workplace.
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"Director" usually means Each individual unique duly elected as a director from the Affiliation in accordance Using these by-legislation.
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is determined through the Board to have failed to perform the obligations of the Director as established forth in part 37 and segment 38 or, in any manner, to acquire contravened or did not adhere into the business enterprise ethics policy authorized in accordance with section 37(file), or
"Distributable Earnings" usually means the surplus of the Affiliation, and for the purposes hereof, "surplus" for a Yr shall imply the taxable https://ufashare100.com/ profits of your Association.
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as established within a timely method through the Board, holds no substance fascination in or any Office environment, work or other situation with any Company, co- operative Affiliation, partnership or other unincorporated association that carries on enterprise in Levels of competition While using the Affiliation;