(CHANGE / ADDITION) Purpose Protection Bylaw.
17.3 Purpose Protection
The Society will not alter or delete the affordable housing purpose set out in its constitution and the Society will not alter or delete this bylaw without first obtaining the written consent of the British Columbia Housing Management Commission.
17.4 Similar Purposes Dissolution
Upon winding up or dissolution of the Society, any funds of the Society remaining after the satisfaction of its debts and liabilities shall be given or transferred to such recognized Canadian charitable organization in British Columbia promoting aims similar to those of the Society as may be decided by members of the Society at the time of winding up or dissolution. The Society will not alter or delete this bylaw without first obtaining the written consent of the British Columbia Housing Management Commission.
(CHANGE / REPLACE) Remuneration Bylaw.
7.2 Remuneration of Directors and Officers and Reimbursement of Expenses Directors may not be remunerated in any capacity. However, a director may be reimbursed for all expenses necessarily and reasonably incurred by him or her while engaged in the affairs of the Society, provided that all claims for reimbursement are in accordance with established policies.
