Sample Non-profit Bylaw Templates For Vermont Free
3.0.qxdThe following bylaws are intended only as a model. They show some of the most general ways of writing bylaws. An organization has a great deal of lati- tude in shaping its bylaws, and does not need to follow this model. Keep in mind that the organization can and should amend its bylaws as often as neces- sary to keep up with changes to the organization.Organizations are free to reproduce all, or parts of the samples provided in this section.Note: Organizations with voting members, should see the sample bylaws pro- vided on page 42 of this handbook.Items highlighted in bold type signify information specific to the organiza - tion. Other information provided in this sample may not be adequate for all types of nonprofits and are pro- vided only as an example.Article I must be included. For organizations not incorporated, state that the nonprofit is organized in compliance with the laws of Minnesota.The purpose statement must main- tain the standards stated in IRS Publication 557 and give a brief description of the organization’s goals to ensure approval of Federal tax exemptions.Organizations with a voting mem- bership should use the sample bylaws on page 42 of this publication.Minnesota law requires a minimum of three directors. The statutory limit for a board term is ten years.A board of directors must meet at least once during a fiscal year.For more information on board governance, see page 18.BYLAWS OF ABC NONPROFITARTICLE I — NAME AND PURPOSESection 1 — Name: The name of the organization shall be ABC Nonprofit.
Free By Law Templates
It shall be a nonprofit organization incorporated under the laws of the State of MinnesotaSection 2 — Purpose: ABC Nonprofit is organized exclusively for charitable, scientific and education purposes. The purpose of this corporation is:. to support and conduct non-partisan research, education, and informational activities to increase public awareness of juvenile delinquency;. to combat crime within neighborhoods; and.
Sample Non-profit Bylaw Templates For Vermont Free Stuff
to prevent community deterioration.ARTICLE II — MEMBERSHIPSection 1 — Membership: Membership shall consist of the board of directors.ARTICLE III — BOARD OF DIRECTORSSection 1 — Board role, size, and compensation: The board is responsible for overall policy and direction of the association, and delegates responsi- bility of day-to-day operations to the staff and committees. The board shall have up to 20, but not fewer than 16 members. The board receives no compensation other than reasonable expenses.Section 2 — Terms: All board members shall serve two-year terms, but are eli- gible for re-election for up to five consecutive terms.Section 3 — Meetings and notice: The board shall meet at least quarterly, at an agreed upon time and place. An official board meeting requires that each board member have written notice at least two weeks in advance.Section 4 — Board elections: During the last quarter of each fiscal year of the corporation, the board of directors shall elect Directors to replace those whose terms will expire at the end of the fiscal year. This election shall take place during a regular meeting of the directors, called in accor- dance with the provisions of these bylaws.Minnesota law requires a quorum of directors for the purpose of con- ducting transactions, consisting of at least one-third of the directors cur- rently holding office.According to Minnesota law, a board must consist of at least a chair/pres- ident and a treasurer. Other offices can be created as needed.Section 5 — Election procedures: New directors shall be elected by a majority of directors present at such a meeting, provided there is a quorum present. Directors so elected shall serve a term beginning on the first day of the next fiscal year.Section 6 — Quorum: A quorum must be attended by at least forty percent of board members for business transactions to take place and motions to pass.Section 7 — Officers and Duties: There shall be four officers of the board, con- sisting of a chair, vice-chair, secretary and treasurer.