IBBA Bylaws Update
IBBA ByLaws Update
At a meeting of the IBBA Board of Directors on October 11, 2011, the Board approved a revision to the IBBA Bylaws. The IBBA Bylaws require that the membership is informed of any changes within 45 days of the Board approval.
The approved Bylaws change is as follows:
8.12 THE M&A SOURCE.
The M&A Source shall be formed as a separate non-profit corporation and shall operate with IBBA approved articles of incorporation and bylaws under the recommendations as contained in the Association's M&A Source Task Force Proposal For MAS Autonomy approved by the IBBA Board of Directors on June 9, 2009. The referenced recommendations shall be incorporated into the M&A Source's Bylaws. For purposes of clarity, it shall require a two-thirds (2/3) majority vote of the entire IBBA Board of Directors at a meeting of the Board of Directors to make changes to the M&A Source's Bylaws.
These changes were a result of the recommendations made to the Board of Directors by a specially appointed IBBA Bylaws Task Force whose charge was to review the Bylaws for necessary revisions and general clean up.
The full IBBA Bylaws are available in the Member Information section of the Members' Only section, My IBBA, and can be accessed after logging into the website.
Please contact IBBA Headquarters at 888.686.IBBA (4222) or admin@ibba.org if you have any questions.
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