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Bylaws of the ABC


4
LEGAL CONSIDERATIONS
4.1
Conflicts of Interest. Members of the Association shall agree to avoid conflicts of interest where possible and to disclose such conflicts when and where appropriate to ensure ethical transactions.
4.1.1
No person who serves as a full- time employee of the Association may serve as a Director or Officer of the Association.
4.1.2
No Director or Officer may vote on an issue if he or she stands to incur a direct financial gain based on the outcome of the vote. The Director shall disclose the nature of this financial interest before the vote is taken.
4.2
Liability of Officers, Directors, and Agents of the Association.
No member of the Association shall hold any Officer, Director, or Agent of the Association liable for lawful actions or decisions made on behalf of the Association.
4.3
 Ammendments to the Bylaws. Any member of the Association may propose an amendment to these Bylaws by submitting the proposed change to the President in writing.
4.3.1
The President shall submit proposed amendments to these Bylaws in writing to the Executive Director at least 45 days before the annual meeting for inclusion in the mailing to all members of the Board.
4.3.2
The Board may amend proposed amendments. The proposal or amended proposal may be approved by a majority vote of the Directors. If approved by the Board, proposed amendments to these Bylaws shall be submitted to the general membership of the Association for ratification.
4.3.3
The procedure for ratification of an amendment of the Bylaws shall be the same as that used for other Association elections, and ratification of a proposed amendment shall require a positive vote from a majority of those voting.
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