Resolution to Amend Bylaw Section 6.01

BE IT RESOLVED THAT the current wording of Section 6.01 of the Bylaws:

Membership Qualifications

6.01     No person can become a member of the Co-operative unless that person:

(a) is at least 18 years of age;

(b) has submitted a written application for membership that has been approved by the board or a person authorized by the board to approve membership applications;

(c) has purchased and paid for a minimum of one (1) membership share; and

(d) intends to occupy a residential unit owned or controlled by the Co-operative and, as determined by the board as a condition of occupancy, has paid any required deposit fees, purchased additional membership shares as a form of deposit, and made any specified loan to the Co-operative.  This subsection does not apply if the Co-operative does not have any housing units available for occupancy.

be deleted and be replaced by the following wording:

Membership Qualifications

6.01     No person can become a member of the Co-operative unless that person:

(a) is at least 18 years of age;

(b) has submitted a written application for membership that has been approved by the board or a person authorized by the board to approve membership applications;

(c) has purchased and paid for a minimum of one (1) membership share; and

(d) currently occupies or has been approved to occupy a residential unit owned or controlled by the Co-operative and, as determined by the board as a condition of occupancy, has paid any required deposit fees, purchased additional membership shares as a form of deposit, and made any specified loan to the Co-operative.