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Monetary Motions


Michele

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According to RONR, the member should note VOTE when he has a personal financial interest not in common with other members, but he cannot be compelled to refrain from voting.  If he is a member, he has an absolute right to vote and make motions and debate even if he has a conflict.  It is a "should"  rule, not a "must" rule.  He "should" refrain from participating. 

It is worth noting that the rule in RONR speaks only to VOTING on matters in which the member has an interest.  There is no explicit prohibition against making motions or participating in debate on such matters.  Here is the text of the rule from page 407:

"ABSTAINING FROM VOTING ON A QUESTION OF DIRECT PERSONAL INTEREST. No member should vote on a question in which he has a direct personal or pecuniary interest not common to other members of the organization. For example, if a motion proposes that the organization enter into a contract with a commercial firm of which a member of the organization is an officer and from which contract he would derive personal pecuniary profit, the member should abstain from voting on the motion. However, no member can be compelled to refrain from voting in such circumstances."

Edited by Richard Brown
Edited first sentence
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