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| bylaws [2025/07/08 23:14] – “and beneficial owner” stricken ops_mgr | bylaws [2025/07/08 23:22] (current) – added Section 10 - Right of Observation ops_mgr | ||
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| No director or officer of the organization shall be disqualified from holding any office in the organization by reason of any interest in any concern. A director or officer of the organization shall not be disqualified from dealing, either as vendor, purchaser or otherwise, or contracting or entering into any other transaction with the organization or with any entity of which the organization is an affiliate. No transaction of the organization shall be voidable by reason of the fact that any director or officer of the organization has an interest in the concern with which such transaction is entered into, provided: | No director or officer of the organization shall be disqualified from holding any office in the organization by reason of any interest in any concern. A director or officer of the organization shall not be disqualified from dealing, either as vendor, purchaser or otherwise, or contracting or entering into any other transaction with the organization or with any entity of which the organization is an affiliate. No transaction of the organization shall be voidable by reason of the fact that any director or officer of the organization has an interest in the concern with which such transaction is entered into, provided: | ||
| - | The interest of such officer or director is fully disclosed to the board of directors. Such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. Payments to the interested officer or director are reasonable and do not exceed fair market value. No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. | + | the interest of such officer or director is fully disclosed to the board of directors. Such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. Payments to the interested officer or director are reasonable and do not exceed fair market value. No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. |
| ==== Section 9 - Grant Policy ==== | ==== Section 9 - Grant Policy ==== | ||
| Any grant applications made on behalf of CHEA or one of its member houses must have board approval, subject to any policies and procedures of the board. Members of the houses are encouraged to work with the board and staff on grant applications. | Any grant applications made on behalf of CHEA or one of its member houses must have board approval, subject to any policies and procedures of the board. Members of the houses are encouraged to work with the board and staff on grant applications. | ||
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| + | ==== Section 10 - Right of Observation ==== | ||
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| + | //(Amended November 14th 2024; added in full)// | ||
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| + | The CHEA Board, its Employees, Directors, and Officers shall have and maintain the right and ability to attend and observe any and all regular business meetings of the Houses or any other such meeting pertaining to the operating of any segment of CHEA's business as they individually deem necessary. This right does not extend to any person in such a case where the membership, officership, | ||
| ===== Article IX - Dissolution ===== | ===== Article IX - Dissolution ===== | ||