4.1 Conflicts of Interest. Members of the Association shall agree to avoid conflicts of interest where possible and to disclose such conflicts to ensure ethical transactions. 4.1.1 No person who serves as a full-time employee of the Association may serve as a Board member or officer of the Association. 4.1.2 No Board member or officer may vote on an issue if the Board member or officer stands to incur a direct financial gain based on the outcome of the vote. The Executive Director shall disclose the nature of this financial interest before the vote is taken.
4.2 Liability of Board Members, Officers, and Agents of the Association. No member of the Association shall hold liable any Board member, officer, or agent of the Association for lawful actions or decisions made on behalf of the Association.
4.3 Amendments to the Bylaws. Any member of the Association may propose an amendment to these Bylaws by submitting the proposed change to the Vice President in writing. 4.3.1 The Board may amend proposed amendments. The proposal or amended proposal may be approved by a majority vote of the Board. If approved by the Board, proposed amendments to these Bylaws shall be submitted to the general membership of the Association for ratification. 4.3.2 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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