Tamc Title Corporation

“TAMC Title Corporation (the "Corporation") is a Maine nonprofit corporation. The Aroostook Medical Center ("TAMC"), also a Maine nonprofit corporation, is the sole corporate member of the Corporation.”

“Each year at their annual meeting, the directors elect replacements for those directors whose terms are expiring. Election of directors is subject to ratification by TAMC.”

“TAMC has authority to approve or disapprove amendments to the Corporation's articles of incorporation, amendments to its bylaws, its budget and its strategic plan, and to appoint and remove the president of the Corporation.”

“Form 990 is provided to each board member either electronically or in hard copy with an opportunity to ask questions prior to filing with the IRS.”

“The organization requests updates of potential conflicts and relationships from the officers and Board members on an annual basis. The request requires disclosure of all business relationships, board memberships, and family relationships. A database is maintained that is compared to payroll records and the accounts payable vendor list to identify any potential conflicts of interest. Transactions are reviewed for reasonableness as an arm's length transaction. TAMC Title is dormant at this time and has no assets as of the end of FY2015. The first agenda item for board meetings and board committee meetings is for members to declare any conflict of interest with upcoming agenda items or deliberations. At any point when consideration is being given to purchase/contract with a party in interest, the member with the conflict is excused from the discussion and consideration process or abstains from voting on the matter. TAMC Title is dormant at this time and has no assets as of the end of FY2015. All transactions identified with parties in interest are disclosed within the Form 990. All are deemed to be arm's length transactions. TAMC Title is dormant at this time and has no assets as of the end of FY2015.”

“TAMC Title Corporation has no employees. Officers of TAMC Title Corporation are employed by tax exempt related organizations.”

“TAMC Title Corporation has no employees. Officers of TAMC Title Corporation are employed by tax exempt related organizations.”

“TAMC Title Corporation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Transfer to exempt subsidiary - The Aroostook Medical Center = -$342414”