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Showing results for tags 'budget year'.
Background: We have one meeting a year where business can be transacted. Our budget year runs 10/1/XX through 9/30/XX. A quorum may be met with a combination of members and/or proxies. Question: What happens if we don't have a legal meeting? Can the BOD spend money to meet bills, etc. without an approved budget? Is there a time limit on spending? Our bylaws do have a provision for calling another meeting, but a quorum would be extremely difficult as many members leave the area for the winter.