Billings Builders Exchange Inc

“The organization has three classes of members: (i)voting members, which are members of the board of directors, (ii) non-voting members, and (iii) associate members. Non-voting members have the power to call a special meeting, however only board members have the authority to vote at such meeting. Non-voting members have the ability to call a special meeting (requiring signature of 25% or more of the non-voting members) where they can vote to remove a member of the board. Associate members are with any licensed design firm and do not pay dues. Associate members do not have voting privileges unless a memeber of the board of directors.”

“The non-voting members have the ability to call a special meeting, and vote to remove a memeber of the board.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“Board of directors reviews the 990 prior to filing.”

“Directors shall disclose to the board any conflict of interest they may have in a transaction with the corporation. The interested director shall abstain from voting on the transaction, provided, however, that the director's presence may be counted in determining whether there is a quorum present at such meeting. The disclosure must be in writing and must provide all facts known to the director about the subject matter of the transaction that an ordinarily prudent person would reasonably believe to be material to a judgment about whether or not to proceed with the transaction.”

“The governing documents, conflict of interest policy, and financial statements are maintained at the organization's office and are available upon request.”