Changes to the ONCA
Bill 154 contains a number of important changes to the ONCA that nonprofits and charity lawyers requested. Since Bill 154’s changes to the ONCA will not take effect until the ONCA takes effect, you do not need to worry about them now.
Here are some highlights:
- The sections giving non-voting members certain important voting rights will be delayed to at least 3 years after the ONCA takes effect.
- The sections giving each class of voters a collective veto on important decisions will also be delayed to at least 3 years after the ONCA takes effect.
- Nonprofits no longer have to give their members proxy voting rights, unless your bylaws say so. Bylaws can say that only members are allowed to be proxies. Also, your bylaws can provide for mail-in or electronic voting if you wish.
|Attention! The Bylaws section does not currently reflect these new changes. We are working hard to update it as fast as possible.|