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ARTICLE 1 NAME AND LOCATION
1.1. The name of this corporation, which is a nonprofit corporation
organized under the Nonprofit Corporation Act of the State of California,
is Young Scandinavians Club (hereinafter YSC or the Club).
1.2. The principal meeting places of the YSC shall be situated in San
Francisco, California at such specific location as the Board of Directors
shall determine from time to time. The YSC may also have such other
offices as the Board of Directors determines from time to time.
ARTICLE 2 PURPOSE
2.1. The YSC is organized and operated for the following purposes:
(a) To bring together Scandinavians residing in the United States to
promote better understanding between their native lands and their adopted
country; to support and celebrate Scandinavian traditions and culture; and
further, to promote social activities leading to the above ends.
(b) Exclusively as a social club organized and operated for the
pleasure and recreation of its members within the meaning of '501(c)(7) of
the Internal Revenue Code of 1986 (as amended) or the corresponding
provision of any future United States internal revenue law.
(c) To exercise such of the rights, powers, duties and authority of a
nonprofit corporation organized under the Nonprofit Corporation Act of the
State of California which are consistent with the preceding paragraph.
(d) The YSC shall not engage in the business of making its social and
recreational facilities available to the general public. Further, the YSC
shall not make any solicitation of the general public to utilize club
facilities.
(e) All activities by the Club must be run in the name of the Club.
ARTICLE 3 MEMBERSHIP
3.1. Qualifications For Membership. The members of the Young
Scandinavians Club shall consist of such persons as: 1) apply for
membership on a form approved by the Board of Directors; 2) subscribe to
the purposes and goals of the YSC; 3) agree to abide by the Bylaws of the
YSC as amended from time to time; 4) Pay annual membership dues; and 5)
Possess at least one of the following qualifications for membership:
(a) Citizens of the Scandinavian countries (Denmark, Finland, Iceland,
Norway, Sweden);
(b) Persons born in Scandinavia;
(c) Persons having at least one Scandinavian born parent, grandparent
or great-grandparent;
(d) Persons who have lived at least six (6) months in Scandinavia;
(e) Persons who speak one of the Scandinavian languages;
(f) The spouse of a member.
Membership applications are ultimately subject to approval by the Board
of Directors of the YSC, but the Board of Directors may appoint a member
of the YSC to review and recommend applications for membership.
3.2. Classes of Members. The membership of the YSC is comprised of
regular members. Regular members include all members who qualify for
membership as outlined in Article 3, Section 3.1.
3.3. Voting Rights. Each adult member in good standing shall be
entitled to cast one vote with respect to those matters submitted to the
members for action or approval. An adult is considered any member 18 years
or older. There shall not be any voting of members by proxy. Votes may be
taken by voice, by a show of hands or by written ballot. Voting members
shall have no right to cumulate their votes.
3.4. Membership Dues. All members shall pay annual membership dues to
the YSC in such amounts and in such manner as the Board of Directors
determines from time to time and submits to a vote at the annual meeting
by the general membership. There shall be two dues-paying membership
categories: Family and Single. A family is defined as a married couple, a
civil union or a single parent with children under 21 years of age.
3.5. Meetings of Members. The annual meeting of the voting members
shall be held during the month of February each year, or such other time
as the Board of Directors may fix in the notice of such meeting at such
place as may be designated by the Board of Directors.
Special meetings of the voting members for any purpose or purposes may
be called at any time by the President, by a majority of the directors,
upon written petition by at least 5% (five percent) of eligible members,
or by any member ejected from the Club. In the case of the ejection of a
member, a request for a special meeting must be sent to the Board of
Directors. The President is responsible to call a special meeting within
three weeks after said request.
3.6. Notice of Meetings of Members. Notice of each regular and special
meeting shall be given to each member entitled to vote thereat, either
personally or by prepaid mail, or by email or other electronic means,
addressed to each member at the address appearing on the records of the
YSC. It is the duty of the members to promptly advise YSC of any address
changes. Such notices shall be sent not less than fourteen (14) days and
not more than sixty (60) days before each meeting, and shall specify the
place, day, and hour of the meeting and shall include an agenda and state
the general nature of the business to be considered in such meeting.
Except in the case of an emergency, which may be determined by the Board
of Directors, a special meeting may be called on two days' notice. The
notice of the annual meeting shall designate it as such.
3.7. Quorum. The presence in person of 15 voting members shall
constitute a quorum. The members present in person at such meeting may
continue to do business until adjournment, notwithstanding the withdrawal
of enough members to leave less than a quorum. Whether or not a quorum is
present, the meeting may be adjourned by a vote of the members
present.
3.8. Termination of Membership. The membership of each member of the
YSC will terminate upon the member's death, resignation, expulsion, or
failure to pay dues as next described. Unless otherwise determined by the
Board of Directors, each member's membership will immediately terminate if
his or her membership dues have not been paid within thirty (30) days
after such member's dues were due. Members terminated as a result of
expulsion may not renew their membership in the YSC without obtaining the
affirmative vote of at least two-thirds (2/3) of all the directors. If
said member is unable to secure an affirmative vote from the directors, he
or she may argue their case at a special meeting of the general
membership. Reinstatement of membership can be obtained by securing at
least a two-thirds (2/3) vote of the general membership present at said
special or general meeting. See Section 3.5.
3.9. Suspension and Expulsion. Any member may be suspended or expelled
from membership upon the affirmative vote of at least two-thirds (2/3) of
all the directors if, in the discretion of the Board as indicated by such
vote, the member is destroying the general welfare of the club.
Nothing in these Bylaws shall be construed as granting to any member a
continued membership or expectation of membership in the YSC.
3.10. Member responsibility Members are fully responsible for their
actions and must follow all state, local and federal laws, ordinances and
regulations. Attendance at any activity is strictly voluntary. The YSC
assumes no liability for incidents occurring at or as a result of
attending a club event or activity. The consumption of alcohol is done at
the sole discretion of the member and YSC assumes no liability for any
incidents occurring from the consumption of alcohol.
3.11. Members' Waiver of remedies against YSC: The YSC owns and
operates buildings and premises which are for the exclusive use of members
and their invited guests. The YSC and its directors/officers/agents
("YSC") shall not be liable to any member or guest for property loss
or personal injury (including death) arising in any way from the natural
environment or natural features of any property owned, operated or
controlled by the YSC such as steep and uneven terrain, bodies of water,
snow or ice, tree limbs etc. Members further agree to waive any right of
recovery, right to sue or to assert a claim for damages, indemnification
or contribution against YSC due to any negligent act or omission of YSC,
and will hold YSC harmless from any claims, demands, injuries, damages,
actions, suits or causes of action to property to persons (including
death) arising out of the member's use, occupancy of or entry upn
YSC's buildings and premises.
ARTICLE 4 GUESTS
4.1. Guests. Each member may bring one or more guests to YSC events
subject to the discretion of the Board of Directors.
4.2. Responsibility For Guests. Each member shall be responsible for
the conduct of, and indebtedness incurred by, all guests admitted to the
YSC's facilities at the member's request or with member's permission.
All members are required to pay guest fees for their guests as determined
by the Board of Directors.
ARTICLE 5 DIRECTORS
5.1. Powers. Subject to any limitations of the Articles of
Incorporation, the California Nonprofit Corporation Act or these Bylaws,
all legally permissible corporate powers shall be exercised by, or under
the authority of, and the business and affairs of the YSC shall be
controlled by the Board of Directors. Without prejudice to such general
powers, but subject to the same limitations, it is hereby expressly
declared that the directors shall have the following powers:
(a) To appoint and remove all officers of the YSC subject to such
limitations as may appear in the Bylaws, and to prescribe such powers and
duties for officers as may not be inconsistent with law, with the Articles
of Incorporation, or the Bylaws.
(b) To conduct, manage and control the affairs of the YSC, and to make
such rules and regulations therefore, not inconsistent with law, or with
the Articles of Incorporation, or the Bylaws, as they may deem best.
(c) To designate any place for the holding of any [membership meeting
or] Board of Directors meeting, to change the principal office of the YSC
for the transaction of its business from one location to another; to adopt
make and use a corporate seal and to alter the form of such seal from time
to time, as, in their judgment, they may deem best, provided such seal
shall at all times comply with the provisions of law.
(d) To borrow money and incur indebtedness for the purpose of the YSC
and to cause to be executed and delivered therefore, in the Corporation's
name, promissory notes, bonds, debentures, deeds of trust, mortgages,
pledges, hypothecations or other evidences of debt, and securities
thereof.
(e) To manage in such manner as they may deem best, all funds and
property, real and personal, received and acquired by the Corporation, and
to distribute, loan or dispense the same or the income and profits
therefrom.
(f) To create such trusts, foundations, and subsidiaries, as the Board
of Directors shall deem necessary and to appoint the trustees, directors,
or other governing officials of such legal entities.
5.2. Number of Directors. The number of directors constituting the
entire Board shall be a minimum of 9 and a maximum of 12. Subject to the
foregoing, the number of directors may be determined from time to time by
action of the voting members or the Board of Directors. No decrease in the
number of directors shall shorten the term of any director then in
office.
5.3. Qualifications for Office. Every director must be a member in good
standing of the YSC. Directors must have been an active member for the
previous two (2) years. Each director shall serve without compensation
except for reasonable expenses incurred on the club'™s behalf. Directors
are to act in their own right and not as a representative of any interest
or group. Each director shall be at least 18 years of age.
5.4. Election of Directors. All directors shall be elected by simple
majority of the voting members of the YSC at the Annual Meeting. The term
of each director, upon being elected to office, shall begin immediately.
5.5. Term of Office. The regular term of office for each director shall
be three (3) years, unless sooner terminated by death, incapacity,
resignation or removal. All directors shall hold office until the
expiration of the term for which each was elected, until a successor has
been duly elected and qualified, or until the director's accepted
resignation or removal as hereinafter provided.
5.6. Staggering of Terms. The terms of directors shall be staggered. In
order to stagger the terms directors, as close as possible to one-third
(1/3) of the directors shall be selected each year. In order to stagger
the terms of the initial directors, upon the effective date of these
Bylaws or upon the installation of the directors, whichever occurs later,
the directors shall draw lots to determine which individuals shall serve
for an initial term of one, two, or three years.
5.7. Removal, Resignation. Any director may resign from office at any
time by giving written notice thereof to the Board of Directors Any
director may be removed with or without cause by a three-fourths (3/4)
vote of all of the other directors then in office. After a board member
has been removed by vote, the vacancy may not be filled by a vote by the
board. The vacancy must be filled by a vote of the general membership at a
special meeting or at the next annual meeting.
Cause for removal exists (without limiting other causes for removal)
whenever a director:
(a) fails to attend three (3) consecutive regular meetings of the Board
of Directors;
(b) is convicted of a felony;
(c) has committed a material breach of his or her fiduciary duty;
(d) has committed an act of moral turpitude; or
(e) ceases to be a member in good standing of the Corporation while in
office as a director.
5.8. Existence of Vacancies. A vacancy in the Board of Directors exists
in case of the happening of any of the following events:
(a) The death, incapacity, resignation, or removal of any director.
(b) The authorized number of directors is increased.
5.9. Filling of Vacancies. Any vacancy occurring on the Board of
Directors, excepting a board member removed by vote by the other
directors, may be filled by a vote of the majority of the remaining
directors. A director so chosen shall serve until the next annual meeting,
whereupon a member will be elected to serve the rest of the term. If the
Board of Directors accepts the resignation of a director, tendered to take
effect at a future time, the Board may elect a successor to take office
when the resignation becomes effective for the balance of the unexpired
term of the resigning director. However, the Board has the power to fill
or leave unfilled, until the next election, all vacancies occurring on the
Board, including those created by an authorized increase in the number of
directors.
5.10. Place and Number of Meetings. Meetings of the Board of Directors
shall be held at any place which has been designated by the Board of
Directors. The Board shall hold at least four (4) meetings each calendar
year. Board meetings are open to the general membership.
5.11. Notice of Meetings. A regular meeting of the directors may be
held without prior notice, but regular meetings shall, as a general rule,
follow a schedule that is posted in a public forum to inform the general
membership. Notice of the time and place of special meetings of the Board
shall be given personally to the directors or sent by mail or other form
of communication, charges prepaid, addressed to the director at their
address as shown upon the records of the YSC at least three (3) days in
advance of such meeting. Such notice shall state the general nature of the
business to be considered at the special meeting.
5.12. Quorum and Voting. A majority of the elected and qualified
directors shall be necessary to constitute a quorum for the transaction of
business. Every act or decision done or made by a majority of the
directors present at a meeting duly held, at which a quorum was present,
shall be regarded as the act of the Board of Directors, unless a greater
number is required by law or by the Articles of Incorporation or by these
Bylaws. Each director present shall be entitled to one (1) vote. Voting by
proxy shall not be permitted.
A director may participate in any meeting of the directors by means of
conference telephone or similar communications equipment by means of which
all persons participating in the meeting can hear each other.
Participation in a meeting pursuant to this paragraph constitutes presence
in person at the meeting.
5.13. Action By Written Consent. Any action required or permitted to be
taken by the Board of Directors may be taken without a meeting and with
the same force and effect as if taken by a vote of directors, if
authorized in written communication by all directors. Such consent shall
be filed with the regular minutes of the Board.
5.14. Notice of Adjournment. Notice of the time and place of holding an
adjourned meeting need not be given to absent directors if the time and
place be fixed at the meeting adjourned.
5.15 Rules: All meetings of the Board and the YSC shall be governed by
Roberts Rules of Order.
ARTICLE 6 OFFICERS
6.1. Responsibility. All officers are subordinate and responsible to
the Board of Directors.
6.2. Number and Selection. The Board of Directors shall annually
appoint, from the Board and the general membership, a President, a Vice
President, a Secretary and a Treasurer and such other officers as they may
determine. The President, the Vice President, the Treasurer and the
Secretary must also be a Director. Any two or more offices may be held by
the same person except the offices of President, Secretary and Treasurer.
Officers are appointed annually at the first meeting of the Board of
Directors, or as soon as possible thereafter, for a 1 year term. Each
officer shall hold office for the duration of their term, or until the
officer's resignation, death or removal. Vacancies in offices shall be
filled by appointment by the Board of Directors at any time to serve
unexpired terms.
6.3. Resignation and Removal. The resignation of any officer shall be
tendered in writing to the Board of Directors and shall be effective as of
the date stated in the resignation. Any officer may be removed during
their term by majority vote of the Board of Directors whenever, in their
judgment, removal would serve the best interests of the YSC. Such removal
shall terminate all authority of the officer, except that any rights to
compensation and other perquisites shall depend on the terms of the
officer's employment and the circumstances of removal.
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6.4. President. The President shall be the chief executive and
operating officer of the Corporation, and subject to the direction and
under the supervision of the Board of Directors, shall have general charge
of the business affairs and property of the Corporation. The President
shall preside at all meetings of the Board of Directors. The President
shall have such other duties and responsibilities and may exercise such
other powers as are usually incident to the office or as from time to time
may be assigned by these Bylaws or the Board of Directors.
6.5. Vice President. At the request of the President, or in the
President's absence or disability, the Vice President shall perform all
the duties of the President. When so acting, the Vice President shall have
all of the powers of, and be subject to all the restrictions upon the
President. The Vice President shall have such other duties and
responsibilities and may exercise such other powers as from time to time
may be assigned by the President or the Board of Directors or as may be
provided in these Bylaws.
6.6. Treasurer. The Treasurer shall have custody of all Club funds;
keep full and accurate accounts of all receipts and disbursements of the
YSC, an inventory of assets, and a record of the liabilities of the YSC;
deposit all money and other securities in such depositories as may be
designated by the Board of Directors; disburse the funds of the YSC as
ordered by the President or the Board of Directors taking proper vouchers
for disbursements; and prepare, in collaboration with the club'
accountant, all statements and reports required by law, by the President
or by the Board of Directors. Financial statements shall be made available
to the membership on request or published to a public forum of the
membership. The Treasurer shall have such other duties and
responsibilities and may exercise such other powers as are usually
incident to the office or as from time to time may be assigned by these
Bylaws, the Board of Directors, or the President. The Board of Directors
or the President may delegate all or part of the authority and duties of
the Treasurer to subordinate officers.
6.7. Secretary. The Secretary shall keep a book of minutes of all
meetings of directors. Meeting minutes shall be made available to the
membership on request or published to a public forum of the membership.
The Secretary shall give the notices of the special meetings of the voting
members as provided in these Bylaws. The Secretary shall also maintain and
protect a file of all official and legal documents of the Corporation. The
Secretary shall perform such other and further duties as may be required
by law or as may be prescribed or required from time to time by the Board
of Directors or the Bylaws.
6.8. Annual Transition. To maintain YSC continuity, officers whose
terms of office have expired shall assure the orderly transition of
authority to their successors before being relieved of their
responsibilities. Similarly, officers whose terms of office have expired
shall take appropriate steps to substitute their successors on all of the
YSC's financial accounts and signature cards.
ARTICLE 7 COMMITTEES
7.1. Committee Powers. Committees of the Club shall be standing or
special. The Board of Directors or the President may refer to the proper
committee any matter affecting the YSC or any operations needing study,
recommendation, or action. The Board may establish such special committees
or standing committees in addition to those specified in this Article as
it deems appropriate with such duties and responsibilities as it shall
designate, except that no committee has the power to do any of the things
a committee is prohibited from doing under the California Nonprofit
Corporation Act. All committees shall act by majority vote, unless
otherwise prescribed by the Board of Directors.
7.2. Limitations. Except in cases where these Bylaws or the Board of
Directors has by written resolution provided otherwise, the function of
any committee is as an advisory group to the Board of Directors. No member
of any committee, without the prior written consent of the Board of
Directors, has the authority to purchase, collect funds, open bank
accounts, implement policy, or bind or obligate the YSC or its Board of
Directors in any way or by any means. All such powers are expressly
reserved to the Board of Directors and the officers of the YSC.
7.3. Committee Membership. The Board shall establish such committees
and also select a committee Chair. Persons other than directors may be
appointed to such committees. The President shall be an ex-officio
member of every committee.
7.4. Standing Committees. In addition to other committees the Board may
establish from time to time, the YSC will also have standing committees
that will focus on the various management areas of the club such as, but
not limited to, Communications Committee, Clear Lake Cabin Management
Committee, Lake Tahoe Cabin Management Committee, Activities Committee and
Events Committee.
7.5. Special Committees. The Board may establish such special
committees as it deems appropriate from time to time. Special committees
shall have the duties and responsibilities as the Board shall designate
from time to time.
ARTICLE 8 PROHIBITED ACTIVITIES
8.1. Actions Jeopardizing Tax Status. The YSC shall not carry on any
activities not permitted to be carried on by an organization exempt from
federal income taxes under sec.501(c)(7) of the Internal Revenue Code of
1986, as amended, or the corresponding provision of any future United
States internal revenue law.
8.2. Private Inurement. No part of the net income or net assets of the
YSC shall inure to the benefit of, or be distributable to, its directors,
officers, or members. Specifically, club revenue generated from nonmembers
shall not be used to the personal advantage of the members (such as in
reduced dues, improved facilities, and the like). However, the YSC is
authorized to pay reasonable compensation to employees for services
actually rendered and to make payments and distributions in furtherance of
its tax exempt purposes.
8.3. Non-Discrimination. In the conduct of all aspects of its
activities, the YSC shall not discriminate on the grounds of race, age,
color, national origin, sexual orientation or gender.
8.4. Conflicts of Interest. A conflict of interest occurs when a person
under a duty to promote the interests of the YSC (a "fiduciary") is in a
position to promote a competing interest instead. Fiduciaries include all
YSC directors or officers, and members of any YSC committee. Undisclosed
or unresolved conflicts of interest are a breach of the duty to act in the
best interests of the YSC and work to the detriment of the YSC.
8.5. Typical Conflict Situations. Conflicts of interest are likely to
arise whenever a fiduciary has a personal interest in a vendor of goods or
services to the YSC.
8.6. Discharging Conflicts of Interest. All conflicts of interest must
be disclosed to the Board of Directors. After disclosure is made, the
individual with a conflicting interest must not participate in judging the
merits of that interest. That is, such individual must abstain from voting
on, or recommending a course of action with respect to, the situation
giving rise to the conflict. When these are done, the conflict of interest
has been properly discharged.
8.7. Preventing Conflict Situations. The YSC, through the Board of
Directors, shall encourage all fiduciaries to prevent conflicts of
interest where possible.
(a) Fiduciaries should not accept anything but gifts of insubstantial
value from vendors.
8.8. Litigation. The YSC shall not be a voluntary party in any
litigation without the prior written approval of the Board of Directors.
Any and all disputes arising under these bylaws, or claims arising from
acts/omissions of the YSC's™s directors, officers or agents or the use of
YSC property shall be heard exclusively in the courts of San Francisco,
California, and shall be governed by the law of the State of
California
ARTICLE 9 OTHER FINANCIAL MATTERS
9.1. Property of the Corporation. The title to all property of the YSC,
both real and personal, shall be vested in the YSC.
9.2. Disposition Upon Dissolution. Upon the dissolution or winding up
of the YSC, or in the event it shall cease to engage in carrying out the
purposes and goals set forth in these Bylaws, all of the business,
properties, assets and income of the YSC remaining after payment, or
provision for payment, of all debts and liabilities of this Club, shall be
distributed to a nonprofit fund, association, or corporation which is
organized and operated exclusively for tax exempt purposes which are
reasonably related to the purposes and goals of the YSC, at the Annual or
any special meeting if three-fourths (3/4) of the members present so
request by their votes.
9.3. Contracts. The Board of Directors may authorize any officer or
agent to enter into any contract or execute and deliver any instrument in
the name of and on behalf of the YSC, provided that any contract or cheque
obligating the YSC to a purchase or obligation in excess of $10,000 shall
be signed by at least two officers of the corporation. Such authority may
be general or confined to a specific instance. Unless so authorized by the
Board of Directors, no officer, agent, or employee shall have any power or
authority to bind the YSC by any contract or engagement, or to pledge its
credit, or render it pecuniarily liable for any purpose or to any amount.
When the execution of any contract or other instrument has been authorized
by the Board of Directors without specification of the executing officer,
the President, either alone or with the Secretary or any Assistant
Secretary, may execute the same in the name of, and on behalf of, the YSC,
and any such officer may affix the corporate seal (if any) of the YSC
thereto.
9.4. Financial Accounts. The YSC may establish one or more checking
accounts, savings accounts or investment accounts with appropriate
financial entities or institutions as determined in the discretion of the
Board of Directors to hold, manage or disburse any funds for YSC purposes.
All checks, drafts or other orders for the payment of money, and all notes
or other evidences of indebtedness issued in the name of the YSC, shall be
signed by such officer(s) or agent(s) of the YSC, and in such manner, as
is determined by the Board of Directors from time to time.
9.5. Appointment and Employment of Advisors. The Board may from time to
time appoint, as advisors, persons whose advice, assistance and support
may be deemed helpful in determining policies and formulating programs for
carrying out the YSC's purposes. The Board is authorized to employ such
persons, including an executive officer, attorneys, accountants, agents
and assistants as in its opinion are needed for the administration of the
YSC and to pay reasonable compensation for services and expenses
thereof.
9.6. Financial Statements and Reports. An independent auditor appointed
or approved by the Board shall at such time as the Board determines
prepare for the YSC as a whole a consolidated financial statement,
including a statement of combined capital assets and liabilities, a
statement of revenues, expenses and distributions, a list of projects
and/or organizations to or for which funds were used or distributed, and
such other additional reports or information as may be ordered from time
to time by the Board. Books and records of account maintained by the YSC
shall be made available to the membership on request at a mutually
convenient time and place (with five days' ™ notice) or published to a
public forum of the membership. The auditor shall also prepare such
financial data as may be necessary for returns or reports required by
state or federal government to be filed by the YSC. The auditor's charges
and expenses shall be proper expenses of administration.
9.7. Limitations on Debt. No debt shall be incurred by the YSC beyond
the accounts payable incurred by it as a result of its ordinary operating
expenses, and no evidence of indebtedness shall be issued in the name of
the YSC unless authorized by the Board of Directors. Specifically, without
limitation, no loan shall be made to any officer or director of the YSC.
Any director or officer who assents to or participates in the making of
any such loan shall be liable, in addition to the borrower, for the full
amount of the loan until it is fully repaid.
9.8. Liability of Directors and Officers. No director or officer of the
YSC shall be personally liable to its creditors or for any indebtedness or
liability and any and all creditors shall look only to the YSC's assets
for payment. Further, neither any officer, the Board nor any of its
individual members shall be liable for acts, neglects or defaults of an
employee, agent or representative selected with reasonable care, nor for
anything the same may do or refrain from doing in good faith, including
the following of done in good faith: errors in judgment, acts done or
committed on advice of counsel, or any mistakes of fact or law.
9.9. Liability of Members. Other than as set forth herein, no member of
the YSC shall be personally liable to YSC's™s creditors or for any
indebtedness or liability and any and all creditors shall look only to the
YSC's assets for payment.
9.10. Property Interests Upon Termination of Membership. Members have
no interest in the property, assets or privileges of the YSC. Cessation of
membership shall operate as a release and assignment to the YSC of all
right, title and interest of any member, but shall not affect any
indebtedness of the YSC to such member.
9.11. Fiscal Year. The fiscal year of the YSC shall be maintained in
conformity with the calendar year.
ARTICLE 4 INDEMNIFICATION
10.1. Indemnification. Each person who was or is a party to or is
threatened to be made a party to or is involved in any action, suit, or
proceeding, whether civil, criminal, administrative, or investigative,
formal or informal (hereinafter referred to as a "proceeding"), by reason
of the fact that he or she, or a person of whom he or she is the legal
representative, is or was a director or officer of the YSC or, while
serving as a director or officer of the YSC, is or was serving at the
request of the YSC as a director, officer, partner, trustee, employee, or
agent of another foreign or domestic corporation, partnership, joint
venture, trust, or other enterprise, whether for profit or not, including
service with respect to employee benefit plans, whether the basis of the
proceeding is alleged action in an official capacity as a director,
officer, employee, or agent or in any other capacity while serving as a
director or officer, may at the discretion of YSC be indemnified and held
harmless by the YSC to the fullest extent authorized by state law, as it
exists or may be amended (but, in the case of any such amendment, only to
the extent that the amendment permits the corporation to provide broader
indemnification rights than state law permitted the YSC to provide before
the amendment), against all expenses, liability, and loss (including
attorney fees, judgments, fines, ERISA excise taxes, or penalties and
amounts to be paid in settlement) reasonably incurred by the person in
connection therewith, and the indemnification shall continue for a person
who has ceased to be a director or officer and shall inure to the benefit
of his or her heirs, executors, and administrators; provided, however,
that except as provided in the next section with respect to proceedings
seeking to enforce rights to indemnification, the YSC shall indemnify any
such person seeking indemnification in connection with a proceeding, or
part thereof, initiated by the person only if the proceeding, or part
thereof, was authorized by the board of directors of the YSC. To the
extent authorized by state law, the YSC may, but shall not be required to,
pay expenses incurred in defending a proceeding in advance of its final
disposition. Any right to indemnification conferred in this article shall
be a contract right.
10.2. Non-Exclusivity of Rights. The right to indemnification
conferred in this article shall not be exclusive of any other right that
any person may have or acquire under any statute, provision of the
articles of incorporation, bylaw, agreement, vote of members or
disinterested directors, or otherwise.
10.3. Indemnification of Employees and Agents of the Corporation. The
YSC may, to the extent authorized from time to time by the board of
directors, grant rights to indemnification and to payment by the YSC, for
expenses incurred in defending any proceeding before its final
disposition, to any employee or agent of the YSC to the fullest extent of
the provisions of this article with respect to the indemnification and
advancement of expenses of directors and officers of the YSC.
10.4. Insurance. The YSC shall have the right, and shall use its best
efforts, to purchase and maintain insurance to the full extent permitted
by law on behalf of its Officers, Directors and other agents, to cover any
liability asserted against or incurred by any Officer, Director or agent
in his/her YSC-related capacity or arising from said person's status.
10.5. Changes in California Law. If there is any change of the
California statutory provisions applicable to the YSC relating to the
subject matter of this Article, then the indemnification to which any
person shall be entitled under this Article shall be determined by the
changed provisions, but only to the extent that the change permits the YSC
to provide broader indemnification rights than the provisions permitted
the YSC to provide before the change. Subject to the next Section, the
Board of Directors is authorized to amend these bylaws to conform to any
such changed statutory provisions.
10.6. Amendment or Repeal of Article. No amendment or repeal of this
Article shall apply to or have any effect on any director, officer,
employee, or agent of the YSC for or with respect to any acts or omissions
of the director, officer, employee, or agent occurring before the
amendment or repeal.
10.7. Impact of Tax Exempt Status. The rights to indemnification set
forth in this Article are expressly conditioned upon such rights not
violating the YSC's status as a tax exempt organization described in
'501(c) of the Internal Revenue Code of 1986, as amended.
ARTICLE 11 AMENDMENTS TO BYLAWS
11.1. Adoption. Except as otherwise provided herein with respect to
greater voting requirements, [or provisions which are not subject to
amendment,] if any, changes to these Bylaws may be proposed by the Board
of Directors or twenty-five members. Proposed changes shall be presented
to the members in writing by first class mail at least fourteen (14) days
prior to the meeting. Changes will require approval by two-thirds of
members present.
11.2. Inspection of Bylaws. The original or copy of these Bylaws, as
amended or otherwise altered to date, certified by the Secretary, shall at
all times be kept by the secretary, and shall be open to inspection by the
members, officers and directors at all reasonable times during office
hours.
11.3 Serverability. In the event any provision here is determined by a
court of competent jurisdiction to be invalid or otherwise unenforceable,
such provision shall be deemed removed from these bylaws, while the
remaining provisions remain in full force and effect.
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