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Ballot M-050908

TAX EXEMPTION INITIATIVE
Amended Articles of Incorporation

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
  • Prohibited Activities

    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.

    Neil McLeod
    Chair, Legal Committee

    Proposal 1

    Proposal:
    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 - Amended Version

    Articles of Incorporation - Original Version


    VOTING SUMMARY

    YES     24
    NO     0
    ABSTAIN     1
    ABSENT     66
    SpacerSpacer

    Proposal 1 is approved.

    Voting deadline for this ballot:
    Send any questions to: GIAC Legal Committee

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