SearchImg
Find ATM Calculators Rates FAQ Contact Us
marketing callout
Sign-In Your Credit Union

Your Business >> Business Topics >> Non-Profit Organization >> Developing a Constitution & Bylaws



Subscribe to our Quarterly eNewsletter for advice, contests and special offers


Click here to take our online Survey

Developing a Constitution & Bylaws

Other Resources


FAQ Section

Visit our FAQ section.

Rates
If you are looking for our rates, click here

Financial Planning Tool
You can also click here to access our on-line financial planning tool. 

Financial Fitness
Financial advice from OMISTA experts, click here.

Small & Medium Enterprise Website
CanadasCreditUnions.com

Need more answers?

Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our three branches.

The Rules of Your Organization

Aside from having to obey the legal and financial regulations of your province and region, a non-profit organization needs its own internal constitution and bylaws. These rules, which must be decided on and approved by the board of directors, will govern all the operations of your organization.

The Scope of a Constitution
Aside from stating the purpose of your non-profit organization, a constitution also defines its structure. It establishes, among other things, the number of directors, the length of directorial terms and the powers and duties of the board. A constitution details all of the procedures for the organization, from how minutes are entered and distributed, to how votes are conducted. Further, a constitution needs to outline the procedure for making changes and amendments to the constitution itself.

A constitution can be fairly simple, or incredibly complex. In general, the larger your organization is, and the larger the geographical area it services, the more complicated your constitution will need to be. For a non-profit organization that you operate largely from home to the benefit of people in your immediate neighbourhood, your constitution may be only a single page in length. For a national organization, with directors serving regionally and flying across the country for annual meetings, you'll need a fairly lengthy constitution.

If your organization is incorporated, you'll not only have a board of directors for the organization, but officers for the corporation as well. The Articles of Incorporation will detail the roles of the directors, but the constitution must be drafted in full awareness of the relationship that exists between board members and officers.

Writing a Constitution and Bylaws
Even a simple constitution is an important legal document. With that in mind, it's probably a good idea to draft your constitution with the assistance of an attorney experienced in non-profit law. Furthermore, since it is not always easy to amend a constitution once it's approved, make sure that it not only serves the organization in the early stages, but that it will also be adequate when your organization expands.

 

 

 

Online Banking | Your Credit Union | Your Money | Your Financing | Your Future | Your Business
 
Privacy Policy Ombudservice
Created and Maintained by WSI Internet - SYLC Solutions