Background and Rationale:
The Board of Directors has approved release of these amended Articles for approval by the Membership, as required by Maryland State Law. The sole intent of these amended Articles, as charged to the Legal Committee by the Board, is to support and enhance GIAC's subsequent application to the Internal Revenue Service for exemption status under Section 501(c)(3) of the Internal Revenue Code.
Within the stated context and in consideration of qualification requirements specified by the Code, changes to the original Articles were expressed by the Committee in three areas:
Purposes of the Cooperative
Disposition of Assets on Dissolution
Comments or suggestions concerning any other aspect of the Articles should be directed to the Committee (for later consideration) using the e-mail link below.
Chair, Legal Committee
Articles of Incorporation - Amended Version
To accept and to submit these amended Articles of Incorporation to the State Department of Assessments and Taxation in order to support and enhance the Cooperative's subsequent application to the Internal Revenue Service for exemption status under Section 501(c)(3) of the Internal Revenue Code.
Articles of Incorporation - Original Version
|YES || 24|
|NO || 0|
|ABSTAIN || 1|
|ABSENT || 66|
Proposal 1 is approved.
Voting deadline for this ballot:
Send any questions to: GIAC Legal Committee