Bylaws of Troubled Times, Inc.
a Nonprofit Public Benefit Corporation
Article 10: Amendments
Subject to any provision of law applicable to the amendment of Bylaws of public benefit nonprofit corporations, these Bylaws, or any of them, may be altered, amended, or repealed and new Bylaws adopted, as follows:
(a) by approval of the Board of Directors unless the Bylaw amendment would materially and adversely affect the rights of members, if any, as to voting or transfer, pending approval by the membership;
(b) by approval of the members if the Bylaw would specify or change the fixed number of directors of the corporation, the maximum or minimum number of directors, or change from a fixed to variable board or vice versa, may not be adopted, amended, or repealed except by approval of the members of this corporation.
All Bylaw amendments constructed by the Board of Directors are to be placed before the membership for approval within 30 days of such construct by the Board. A quorum of 50% of the members shall be required to pass the amendment. Pending approval by the membership, the Board may operate as though the Bylaw had been approved, but only if:
(a) changes in the Bylaws are required in order to comply with the laws of the State of Delaware;
(b) changes in the Bylaws are required in order to comply with the Internal Revenue laws of the United States of America.