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BY LAW NUMBER 1
A by-law relating generally to the conduct of the affairs of
TORONTO LESBIAN & GAY TENNIS ASSOCIATION (TLGTA)
(the Corporation)
1. OBJECTIVES
The purpose of the Corporation is:
• To provide a safe space to play tennis for members of the LGBT community in the Toronto Area;
• To provide social, competitive and recreational programs to foster relationships among members of the Toronto LGBT Community;
• To carry out such other complementary purposes that are consistent with the foregoing purposes.
2. GENERAL
2.1 Definitions
In this by-law and all other by-laws of the Corporation, unless the context otherwise requires:
(a) Act means the Canada Not-for-profit Corporations Act S.C. 2009, c.23 including the Regulations made pursuant to the Act, and any statute or regulations that may be substituted, as amended from time to time;
(b) Articles means the original or restated articles of incorporation or articles of amendment, amalgamation, continuance, reorganization, arrangement or revival of the Corporation;
(c) Board means the board of directors of the Corporation;
(d) By-Laws means this by-law and any other by laws of the Corporation as amended and which are in force and effect;
(e) Director means a member of the Board;
(f) Meeting Of Members includes an annual meeting of members or a special meeting of members; special meeting of members includes a meeting of any class or classes of members and a special meeting of all members entitled to vote at an annual meeting of members;
(g) Officer means an individual appointed under Section 3.1 of this by-law;
(h) Ordinary Resolution means a resolution passed by a majority of the votes cast on that resolution;
(i) Proposal means a proposal submitted by a member of the Corporation that meets the requirements of section 163 of the Act;
(j) Regulations means the regulations made under the Act, as amended, restated or in effect from time to time;
(k) Rules and Procedures means the documents published as approved by the Board from time to time, in accordance with the By-laws, governing internal matters of the Corporation pursuant to and subject to the provisions of the Act, the Articles and the By-laws; and
(l) Special Resolution means a resolution passed by a majority of not less than two thirds (2/3) of the votes cast on that resolution.
2.2 Interpretation
In the interpretation of this By-law, words in the singular include the plural and vice versa, words in one gender include all genders, and person includes an individual, body corporate, partnership, trust and unincorporated organization.
Other than as specified in 2.1 above, words and expressions defined in the Act have the same meanings when used in these By-laws.
Where reference is made in this By-law to any statute or section of a statute, such reference is deemed to extend and apply to any amendments to the statute or section of the statute or re-enactment of the statute or section of the statute, as the case may be.
2.3 Corporate Seal
The Corporation may have a corporate seal in the form approved from time to time by the Board. If a corporate seal is approved by the Board, the secretary of the Corporation shall be the custodian of the corporate seal.
2.4 Execution of Documents
Deeds, transfers, assignments, contracts, obligations and other instruments in writing requiring execution by the Corporation may be signed by any two (2) of its officers or directors. In addition, the Board may from time to time direct the manner in which the person or persons by whom a particular document or type of document shall be executed. Any person authorized to sign any document may affix the corporate seal (if any) to the document. Any signing officer may certify a copy of any instrument, resolution, by law or other document of the Corporation to be a true copy thereof.
2.5 Financial Year End
The financial year end of the Corporation shall be the last day of October in each year.
2.6 Banking Arrangements
The banking business of the Corporation shall be transacted at such bank, trust company credit union or other firm or corporation carrying on a banking business in Canada or elsewhere as the Board may designate, appoint or authorize from time to time by resolution. The banking business or any part of it shall be transacted by an officer or officers of the Corporation and/or other persons as the Board may by resolution from time to time designate, direct, or authorize. 3
2.7 Annual Financial Statements
The Corporation may, instead of sending copies of the annual financial statements and other documents referred to in subsection 172(1) of the Act to the members, send a copy of the financial statements by email to its members or post it online and any member may, on request, obtain a copy free of charge.
2.8 Borrowing Powers
All types of borrowing must be approved by an ordinary resolution of the Board of Directors. The directors of the Corporation may, without authorization of the members,
(a) borrow money on the credit of the Corporation;
(b) issue, reissue, sell, pledge or hypothecate debt obligations of the Corporation;
(c) give a guarantee on behalf; and
(d) mortgage, hypothecate, pledge or otherwise create a security interest in all or any property of the Corporation, owned or subsequently acquired, to secure any debt obligation of the Corporation.
Any such by-law may provide for the delegation of such powers by the directors to such officers or directors of the Corporation to such extent and in such manner as may be set out in the by-law.
Nothing herein limits or restricts the borrowing of money by the Corporation on bills of exchange or promissory notes made, drawn, accepted or endorsed by or on behalf of the Corporation.
3. OFFICERS and EXECUTIVE COMMITTEE
Unless otherwise specified by the Board, which may, subject to the Act, modify, restrict or supplement such duties and powers, the officers of the Corporation, if designated and if appointed, shall be as follows and have the following duties and powers associated with their positions, provided that the Board may by resolution designate other officers of the Corporation:
(a) President – The president, shall, when present, chair all meetings of the Board and of the members. The president shall be the top ranking official and club representative. The president shall have such duties and powers as the Board may specify.
(b) Vice-President – The vice-president shall, in the absence or disability of the president, perform the duties and exercise the powers of the president and shall perform such other duties as shall from time to time be imposed upon him/her by the Board.
(c) Treasurer – The treasurer shall be responsible for ensuring the custody of the funds and securities of the Corporation, the keeping of full and accurate accounts of all assets, liabilities, receipts and disbursements of the Corporation in the books belonging to the Corporation and the deposit of all monies, securities and other valuable effects in the name and to the credit of the Corporation in such chartered bank or trust company, or, in the case of securities, in such registered dealer in securities as may be designated by the Board from time to time. The Treasurer shall be responsible for the disbursement of the funds of the Corporation as may be directed by proper authority taking proper vouchers for such disbursements, and shall render to the directors at the regular meeting of the Board, or whenever the Board may require it, an accounting of all the transactions and a statement of the financial position, of the Corporation. The Treasurer shall also perform such other duties as may from time to time be directed by the Board.
(d) Secretary – The secretary, when in attendance, shall be the secretary of all meetings of the Board, members and committees of the Board. The secretary shall enter or cause to be entered in the Corporation's minute book, minutes of all proceedings at such meetings; the secretary shall give, or cause to be given, as and when instructed, notices to members, directors, the public accountant and members of committees; the secretary shall be the custodian of all books, papers, records, documents and other instruments belonging to the Corporation. .
(e) Webmaster – The webmaster shall be responsible for overseeing the Corporations website and social media accounts. The webmaster shall have such duties as designated by the Board from time to time.
(f) Social Tennis Coordinator – The social tennis coordinator shall oversee all of the Corporation’s social tennis nights.
(g) Membership Coordinator – The membership coordinator shall oversee the admission and recruitment of new members and shall maintain the membership database of the Corporation. The membership coordinator shall have such other duties as designated by the Board from time to time.
(h) Events Coordinator – The events coordinator shall oversee all social events.
The powers and duties of all other officers of the Corporation shall be such as the terms of their engagement call for or the Board or president requires of them. The Board may, from time to time and subject to the Act, vary, add to or limit the powers and duties of any officer.
3.2 Committees
The Board may from time to time appoint any committee or other advisory body, as it deems necessary or appropriate for such purposes and, subject to the Act, with such powers as the Board shall see fit. Any such committee may formulate its own rules of procedure, subject to such regulations or directions as the Board may from time to time make. Any committee member may be removed by ordinary resolution of the Board.
3.3 Appointment
Officers of the Corporation shall be appointed by ordinary resolution of the Board at the first meeting of the Board following an annual meeting of members.
3.4 Holding Multiple Offices
Except for the offices of president and the vice president, any two offices may be held by the same person and officers need not be directors.
3.5 Remuneration
Officers shall receive no remuneration for serving as such, but are entitled to reasonable expenses incurred in the exercise of their duty.
3.6 Term and Removal
The officers of the Corporation shall hold office for one year from the date of appointment or election or until the earlier of their successors are elected or appointed in their stead, their resignation, their ceasing to be a director (if a necessary qualification of appointment) or their death. Any officer shall be subject to removal by ordinary resolution of the Board at any time.
3.7 Vacancy in Office
If the office of any officer of the Corporation shall be or become vacant, the directors may, by ordinary resolution, appoint a person to fill such vacancy.
4. DIRECTORS
4.1 Election and Term
Subject to the Articles, the members will elect the directors at the first meeting of members and at each succeeding annual meeting at which an election of directors is required, and the directors shall be elected to hold office for a term expiring not later than the close of the next annual meeting of members following the election. A retiring director shall remain in office until the dissolution or adjournment of the meeting at which his/her retirement is accepted and his/her successor is elected.
4.2 Qualifications of Directors
In order to stand for election as a Director of the Corporation or to be eligible to fill a vacancy, an individual must:
(a) Be 18 years or older;
(b) Be a Member of the Corporation;
(c) Not be declared incapable by a court in Canada or in another country;
(d) Not have the status of a bankrupt; and
(e) Be committed to the Corporation’s purposes, as set out in the Articles.
4.3 Number of Directors
The Board shall consist of the number of directors specified in the articles. If the articles provide for a minimum and maximum number of directors, the Board shall be comprised of the fixed number of directors as determined from time to time by the members by ordinary resolution or, if the ordinary resolution empowers the directors to determine the number, by resolution of the board. In the case of a soliciting corporation the minimum number of directors may not be fewer than three, at least two of whom are not officers or employees of the Corporation or its affiliates.
4.4 Books and Records
The directors shall see that all necessary books and records of the Corporation required by the By-laws of the Corporation or by any applicable statute or law are regularly and properly kept.
4.5 Vacancy in Office
The office of director shall be automatically vacated:
(a) if a director shall resign his/her office by delivering a written resignation to the secretary of the Corporation;
(b) if a director is declared incapable by a court in Canada or in another country;
(c) if a director becomes bankrupt or suspends payment or compounds with his/her creditors;
(d) if at a special general meeting of members an ordinary resolution is passed by the members entitled to vote that a director be removed from office;
(e) on death; or
(f) if a director is absent from 3 consecutive Board meetings without leave of the Board.
If any vacancy shall occur, the Board by a majority vote may, by appointment, fill the vacancy for the balance of the former director’s term.
4.6 Remuneration
The directors shall serve as such without remuneration and no director shall directly or indirectly receive any profit from his/her position as such; provided that a director may be paid reasonable expenses incurred by him/her in the performance of his/her duties.
5. INDEMNITIES TO DIRECTORS AND OTHERS
5.1 Indemnity
Subject to the limitations contained in the Act, but without limiting the right of the Corporation to indemnify any individual to the fullest extent permitted by law, every present and former director and officer of the Corporation and his or her heirs, executors, administrators, or other legal personal representative and his or her estate and effects, respectively, shall from time to time and at all times, be indemnified and saved harmless by the Corporation from and against all costs, charges and expenses including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of that association with the Corporation or other entity provided the individual to be indemnified:
(a) acted honestly and in good faith with a view to the best interests of the Corporation or, as the case may be, to the best interests of the other entity for which the individual acted as director or officer or in a similar capacity at the Corporation's request; and
(b) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, had reasonable grounds for believing that their conduct was lawful.
5.2 Advance of Costs
The Corporation may advance money to a director, an officer or other individual for the costs, charges and expenses of a proceeding referred to in Section 5.1. The individual shall repay the money if the individual does not fulfill the conditions of Section 5.1.
5.3 Insurance
The Corporation may purchase and maintain insurance for the benefit of an individual referred to in Section 5.1 against any liability incurred by the individual (a) in the individual's capacity as a director or an officer of the Corporation; or (b) in the individual's capacity as a director or an officer, or in a similar capacity, of another entity, if the individual acts or acted in that capacity at the Corporation’s request.
6. MEETINGS OF DIRECTORS
6.1 Calling of Meetings
Meetings of the Board may be called by the president of the Corporation or any two directors at any time. If the Corporation has only one director, that director may call and constitute a meeting.
6.2 Notice of Meeting
Unless sent by regular mail, 48 hours notice of a meeting of the Board shall be given to each director. Notice of any such meeting that is sent by regular mail shall be served in the manner specified in Section 10.1 of this By-law to every director of the Corporation not less than 7 days before the time when the meeting is to be held. Notice of a meeting shall not be necessary if all of the directors are present, and none objects to the holding of the meeting, or if those absent have waived notice of or have otherwise signified their consent to the holding of such meeting, whether such waiver or consent is given before or after the meeting. Notice of an adjourned meeting is not required if the time and place of the adjourned meeting is announced at the original meeting. No notice of meeting need specify the purpose or the business to be transacted at the meeting except that a notice of meeting of directors shall specify any matter referred to in subsection 138(2) of the Act that is to be dealt with at the meeting.
6.3 First Meeting of New Board
Provided that a quorum of directors is present, a newly elected Board may, without notice, hold its first meeting immediately following the meeting of members at which such Board is elected.
6.4 Regular Meetings
The Board may appoint a day or days in any month or months for regular meetings of the Board at a place and hour to be named. A copy of any resolution of the Board fixing the place and time of such regular meetings of the Board shall be sent to each director forthwith after being passed, but no other notice shall be required for any such regular meeting except if subsection 136(3) of the Act requires the purpose thereof or the business to be transacted to be specified in the notice.
6.5 Chair of Meeting
In the event that the president of the Corporation and the vice president of the Corporation are absent, the directors who are present shall choose one of their number to chair the meeting.
6.6 Votes to Govern
At all meetings of the Board, every question shall be decided by a majority of the votes cast on the question. In case of an equality of votes at any meeting of Board, every question is determined by the president, in addition to an original vote who shall have a second or casting vote.
6.7 Quorum
A majority of the Board shall constitute a quorum for meetings of the Board. Any meeting of the Board at which a quorum is present shall be competent to exercise all or any of the authorities, powers and discretions by or under the By-laws of the Corporation. Questions arising at any meeting of directors at which there is quorum shall be decided by a majority vote of those present.
6.8 Participating in Directors Meetings by Electronic Means
A director may, in accordance with the Regulations, if any, and if all the directors of the Corporation consent, participate in a meeting of directors or of a committee of directors by means of a telephonic, an electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting. A director so participating in a meeting is deemed for the purposes of this Act to be present at that meeting.
7. MEMBERSHIP – MATTERS REQUIRING SPECIAL RESOLUTION
7.1 Membership Conditions
Subject to the Articles, there shall be one class of members in the Corporation. Membership in the Corporation shall be available only to individuals interested in furthering the Corporation’s purposes as set out in section 1, who have applied for and been accepted as members of the Corporation by resolution of the Board or in such other manner as may be determined by the Board, and who have paid the membership fee as set by the Board from time to time. Each member shall be entitled to receive notice of, attend and vote at all meetings of the members of the Corporation.
Pursuant to subsection 197(1) (Fundamental Change) of the Act, a special resolution of the members is required to make any amendments to this section of the by-laws if those amendments affect membership rights and/or conditions described in paragraphs 197(1)(e), (h), (l) or (m).
7.2 Transfer of Membership
Membership in the Corporation may be transferred only to the Corporation.
Pursuant to Section 197(1) (Fundamental Change) of the Act, a special resolution of the members is required to make any amendment to add, change or delete this section of the by-laws.
7.3 Notice of Meeting of Members
Notice of the time and place of a meeting of members shall be given to each member entitled to vote at the meeting by the following means:
(a) by mail, courier or personal delivery to each member entitled to vote at the meeting, during a period of 21 to 35 days before the day on which the meeting is to be held; or
(b) by telephonic, electronic or other communication facility to each member entitled to vote at the meeting, during a period of 21 to 35 days before the day on which the meeting is to be held.
Pursuant to subsection 197(1) (Fundamental Change) of the Act, a special resolution of the members is required to make any amendment to the by-laws of the Corporation to change the manner of giving notice to members entitled to vote at a meeting of members.
8. MEMBERSHIP DUES AND TERMINATION
8.1 Membership Dues
Membership dues shall be set annually by an ordinary resolution duly passed by the Board. Members shall be notified via e mail of the membership dues at any time payable by them and, if any are not paid within one calendar month of the membership renewal date, the Members shall automatically cease to be members of the Corporation.
8.2 Term of Membership
Membership begins May 1st and ends April 30th the following year. Members may apply to renew their membership through payment of the annual membership fee as set out in subsection 3.1; however the Board can decline to accept a Member’s request to renew membership, in which case, the membership fee will be returned promptly.
8.3 Termination of Membership
A membership in the Corporation is non-transferable and is terminated and automatically lapses when any one of the following events occurs:
(a) the member dies;
(b) a member fails to maintain any qualifications for membership described in Section 7.1 of these By-laws;
(c) the member resigns by delivering a written resignation to the head office of the Corporation, in which case such resignation shall be effective on the date specified in the resignation;
(d) the member is expelled in accordance with Section 8.4, below, or the members’ membership is otherwise terminated in accordance with the Articles or By-laws;
(e) the member’s term of membership expires; or
(f) the Corporation is liquidated or dissolved under the Act.
Subject to the Articles, upon any termination of membership, the rights of the member, including any rights in the property of the Corporation, automatically cease to exist.
8.4 Discipline of Members
The Board shall have authority to suspend or expel any member from the Corporation for any one or more of the following grounds:
(a) violating any provision of the Articles, By-laws, or written policies of the Corporation, including the Corporation’s Code of Conduct, which may be amended by the Board at any time;
(b) carrying out any conduct which may be detrimental to the Corporation as determined by the Board in its sole discretion;
(c) for any other reason that the Board in its sole and absolute discretion considers to be reasonable, having regard to the purpose of the Corporation.
In the event of physical violence and serious threats by a member against other members of the Corporation, the Board may, by ordinary resolution, expel the member from membership in the Corporation for life. The Board shall provide notice to the member of the expulsion and the reason for the expulsion within 5 days of the date of the Board resolution.
For all other grounds, the president, or such other officer as may be designated by the Board may issue an automatic suspension or expulsion to a member. The Corporation will provide written reasons for the suspension within five days from the member’s receipt of the proposed suspension. The member may make written submissions within 20 days from receipt of notice of suspension to submit a defence. In the event that no written submissions are received by the president, the president, or such other officer as may be designated by the Board, may proceed to notify the member that the member is suspended or expelled from membership in the Corporation. If written submissions are received in accordance with this section, the Board will consider such submissions in arriving at a final decision and shall notify the member concerning such final decision within a further 20 days from the date of receipt of the submissions. The Board’s decision shall be final and binding on the member, without any further right of appeal.
9. MEETING OF MEMBERS
9.1 Place of Members’ Meetings
Subject to compliance with section 159 of the Act, meetings of the members may be held at any place within Canada determined by the Board or, if all of the members entitled to vote at such meeting so agree, outside Canada. The Board or the president or vice president shall have power to call, at any time, a general meeting of the members of the Corporation.
9.2 Persons Entitled to be Present
The only persons entitled to be present at a meeting of members shall be those entitled to vote at the meeting, the directors and the public accountant of the Corporation and such other persons who are entitled or required under any provision of the Act, Articles or By-laws of the Corporation to be present at the meeting. Any other person may be admitted only on the invitation of the chair of the meeting or by ordinary resolution of the members.
9.3 Waiving Notice
A member and any other person entitled to attend a meeting of members may in any manner and at any time, whether before or after the meeting, waive notice of the meeting. The member’s or other person’s attendance at the meeting is a waiver of notice of the meeting, unless the member or such person, as the case may be, attends the meeting for the express purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called.
9.4 Chair of the Meeting
The president will chair a meeting of the members. If the president and the vice president are absent, then the members who are present and entitled to vote at the meeting shall choose one of their number to chair the meeting.
9.5 Quorum
A quorum for any meeting of members shall be 15 members.
9.6 Votes to Govern
In case of an equality of votes at any meeting of members, every question shall, unless otherwise provided by the Articles or By-laws or by the Act, be determined by the president, in addition to an original vote who shall have a second or casting (deciding) vote.
9.7 Show of Hands
Subject to the Act and this By-law, except where a ballot is demanded, voting on any question proposed for consideration at a meeting of members shall be by show of hands, and a declaration by the chair of the meeting as to whether or not the question or motion has been carried and an entry to that effect in the minutes of the meeting shall, in the absence of evidence to the contrary, be evidence of the fact without proof of the number or proportion of the votes recorded in favour of or against the motion.
9.8 Ballots
For any question proposed for consideration at a meeting of members, either before or after a vote by show of hands has been taken, the chair of the meeting, or any member may demand a ballot, in which case the ballot shall be taken in such manner as the chair directs and the decision of the members on the question shall be determined by the result of such ballot.
9.9 Resolution in Lieu of Meeting
Except where the Act requires a meeting of members with respect to the matter to be voted on by the members, a resolution in writing, signed by members entitled to vote on that resolution at a meeting of members, is as valid as if it had been passed at a meeting of members. A majority vote of the members shall be required to approve any matter that can be voted on by written resolution. A copy of every resolution referred to above shall be kept with the minutes of meetings of members.
9.10 Participation by Electronic Means at Meetings of Members
If the Corporation chooses to make available a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during a meeting of members, any person entitled to attend such meeting may participate in the meeting by means of such telephonic, electronic or other communication facility in the manner provided by the Act. A person participating in a meeting by such means is deemed to be present at the meeting. Notwithstanding any other provision of this By-law, any person participating in a meeting of members pursuant to this section who is entitled to vote at that meeting may vote, in accordance with the Act, by means of any telephonic, electronic or other communication facility that the Corporation has made available for that purpose.
9.11 Meeting of Members Held Entirely by Electronic Means
If the Board or the members of the Corporation who are entitled to vote call a meeting of members pursuant to the Act, those directors or members, as the case may be, may determine that the meeting shall be held, in accordance with the Act and the Regulations, entirely by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting.
10. NOTICE
10.1 Method of Giving Notices
Any notice (which term includes any communication or document) to be given (which term includes sent, delivered or served), pursuant to the Act, the Articles, the By-laws or otherwise to a member, director, officer or member of a committee of the Board or to the public accountant shall be sufficiently given:
(a) if delivered personally to the person to whom it is to be given or if delivered to such person’s address as shown in the records of the Corporation or in the case of notice to a director to the latest address as shown in the last notice that was sent by the Corporation in accordance with section 128 (Notice of directors) or 134 (Notice of change of directors); or
(b) if mailed to such person at such person’s address as shown in the records of the Corporation by prepaid ordinary or air mail; or
(c) if sent by courier to such person at such person’s address as shown in the records of the Corporation; or
(d) if sent to such person by telephonic, electronic or other communication facility at such person’s address for that purpose as shown in the records of the Corporation; or
(e) if provided in the form of an electronic document in accordance with Part 17 of the Act.
A notice so delivered shall be deemed to have been given when it is delivered personally or to the recorded address as aforesaid; a notice so mailed shall be deemed to have been given when deposited in a post office or public letter box; a notice so sent by means of courier shall be deemed to have been given on the second day that is not a holiday that follows the day that the courier was given the notice; and a notice so sent by any means of transmitted or recorded communication shall be deemed to have been given when dispatched or delivered to the appropriate communication company or agency or its representative for dispatch. The secretary may change or cause to be changed the recorded address of any member, director, officer, public accountant or member of a committee of the Board in accordance with any information believed by the secretary to be reliable. The declaration by the secretary that notice has been given pursuant to this By-law shall be sufficient and conclusive evidence of the giving of such notice. The signature of any director or officer of the Corporation to any notice or other document to be given by the Corporation may be written, stamped, type-written or printed or partly written, stamped, type-written or printed.
10.2 Invalidity of any provisions of this By-law
The invalidity or unenforceability of any provision of this By-law shall not affect the validity or enforceability of the remaining provisions of this By-law.
10.3 Omissions and Errors
The accidental omission to give any notice to any members, director, officer, member of a committee of the Board or public accountant, or the non receipt of any notice by any such person where the Corporation has provided notice in accordance with the By-laws or any error in any notice not affecting its substance shall not invalidate any action taken at any meeting to which the notice pertained or otherwise founded on such notice.
11. RULES AND PROCEDURES
The Board may prescribe such Rules and Procedures not inconsistent with the By-laws relating to the management and operation of the Corporation, including the affairs of the Corporation, and other matters provided for in this By-law, as the Board may deem expedient.
12. BY LAW AMENDMENTS
Subject to the articles, the board of directors may, by resolution, make, amend or repeal any by-laws that regulate the activities or affairs of the Corporation. Any such by-law, amendment or repeal shall be effective from the date of the resolution of directors until the next meeting of members where it may be confirmed, rejected or amended by the members by ordinary resolution. If the by-law, amendment or repeal is confirmed or confirmed as amended by the members it remains effective in the form in which it was confirmed. The by-law, amendment or repeal ceases to have effect if it is not submitted to the members at the next meeting of members or if it is rejected by the members at the meeting.
This section does not apply to a By-law that requires a special resolution of the members according to subsection 197(1) (fundamental change) of the Act.