Nyst Benefit Fund Inc

“THE FUND HAS MEMBERS.”

“The fund's board members are the same as the pba board members and are elected by the members of the pba by secret ballot. The board of directors of the pba are elected by a plurality of the votes cast by the members.”

“Major changes in the organization or its by-laws require approval by the pba's members.”

“The organization's president and treasurer reviews the form 990 along with the audited financial statements with the auditor before it is filed with the internal revenue service.”

“After conducting due diligence, the board shall determine by a majority vote of the disinterested board members whether the transaction or arrangement in question is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization and shall make its decision as to whether to enter into or allow the transaction or arrangement in conformity with such determination and possible actions to be taken. As part of its due diligence efforts, the board shall determine whether the organization can obtain an equally advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. Individuals who knowingly violate and/or refuse to abide by this policy maybe subject to termination of their relationship with the organization.”

“The organization does not compensate the members of the board.”

“The organization makes its form 1024 and form 990 available upon request. Interested parties should contact the president at 120 state street, albany, ny 12207 to request a copy of any of the documents. In addition, the organization's form 990 is available on the irs website.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Interested parties should contact the president at 120 state street, albany, ny 12207 to request a copy of any of the documents.”