ARTICLE I: NAME, PURPOSE, GRAND CHAPTER LOCATION
ARTICLE II: MEMBERS
ARTICLE III: BOARD OF DIRECTORS
ARTICLE IV: OFFICERS OF PPT, Inc.
ARTICLE V: INDEMNIFICATION
ARTICLE VI: REPORTS & AUDITS
ARTICLE VII: DURATION AND DISSOLUTION
ARTICLE XIII: FISCAL YEAR
The fiscal year of the PPT shall be from January 1 to December 31 with reports of receipts and disbursements available to the Board of Directors at each annual meeting or at such other time or times as the Board may require.
ARTICLE IX: MISCELLANEOUS PROVISIONS
ARTICLE X: GOVERNANCE OF THE ORGANIZATION
ARTICLE XI: GRIEVANCE RESOLUTION
Any member may appeal an action affecting the membership status of such member by filing a written grievance with the Board and following the procedure as described in the Conflicts Resolution policy of the Corporation.
ARTICLE XII: INUREMENT
The PPT is not organized for pecuniary profit or for the benefit of an individual or for-profit entity and shall not have authority to issue capital stock. No part of the net earnings of the PPT shall inure to the benefit of, or be distributable to, its Directors, Officers, employees, members or other private persons, except that PPT shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth herein.
ARTICLE XIII: WAIVER OF NOTICE
Whenever any notice whatsoever is required to be given under the provisions of the Act, PPT’s Articles of Incorporation, or these Bylaws, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equitant to the giving of such notice. Attendance at a meeting shall constitute a waiver of notice of such meeting, except where the person attends such meeting the express purpose of objecting to the transaction of any business because the meeting was not lawfully called.
ARTICLE XIV: DECLARATION OF POLICY
Responsibility and authority for any declaration of PPT policy, and/or endorsement, and/or rejection of any matter on any subject of policy, is reserved to the judgment and discretion of the Board. Members of committees, or other subdivisions of PPT, are not authorized directly or indirectly to commit PPT in any way or in any manner, financially or otherwise, without prior approval by the Board, except as specified in the approved budget or in specific resolutions of the Board. The Board, except as herein otherwise provided, shall have control of the affairs of PPT, including all matters relating to the acquisition, holding, management, control, investment and disposition of the funds and other property of PPT.
ARTICLE XV: OTHER GOVERNANCE DOCUMENTS
These Bylaws, including all amendments hereto, shall at all times be in conformance with and subservient to the Articles of Incorporation of PPT. Any conflict or ambiguity with respect to these Bylaws and the Articles of Incorporation shall be resolved in favor of and with reference to the Articles of Incorporation, as the case may be.
ARTICLE XVI: GOVERNING LAW
All questions with respect to the construction of these Bylaws shall be determined in accordance with the applicable provisions of the laws of the State of Michigan.
ARTICLE XVII: SEVERABILITY
All provisions of these Bylaws are severable. If any provision or portion here of is determined to be unenforceable in arbitration or by a court of competent jurisdiction, then the remainder of the Bylaws shall remain in full force and effect.
Adopted at the organizational meeting of the Board of Directors this 6th day of February, 2018.