2021-04-14 Hypha Worker Co-op Board Meeting - April 14, 2021

Time: 5:00-6:00pm ET
Location: https://link.hypha.coop/calls
Attending: bl, el, yj, dc, pc (after vote)
Cultivator: dc
Notetaker: bl

Agenda

Item Time (min)
Resolution on Amended Articles of Incorporation 20
Discussion on Initiative Transition Plan 40

Notes

Resolution on Amended Articles of Incorporation

Article 15 is amended from:

  1. Special provisions, if any, are:
    • The primary object of the co-operative is to provide employment to its members.
    • It is a condition of membership that, except in certain circumstances prescribed by the regulation under the Co-Operative Corporations Act, a member must be employed by the co-operative.

To:

  1. Special provisions, if any, are:
    A. The Co-operative shall be carried on without the purpose of gain for its members and any profits or other accretions to the corporation shall be used in promoting its objects.
    B. The directors shall serve as such without remuneration and no director shall directly or indirectly receive any profit from their positions as such, provided that directors may be paid reasonable expenses incurred by them in the performance of their duties.
    C. Upon the dissolution of the Co-operative and after payment of all debts and liabilities, its remaining property shall be distributed or disposed of to a co-op development fund, a federation or another co-operative organization as shall be identified by a resolution of the Co-operative.
    D. The primary object of the Co-operative is to provide employment to its members.
    E. It is a condition of membership in the Co-operative that, except in certain circumstances prescribed by the regulations under the Co-operative Corporations Act, a member must be employed by the Co-operative.”

Discussion on Initiative Transition Plan