Bylaws

Chapter 4. Member Meetings and Elections

BYLAW 409 EXECUTIVE REPRESENTATIVE.

[Adopted effective August 1, 2016. Effective date of amendments: June 30, 2020.]

(a) Each Member shall designate, in a form and manner required by NFA, one (1) individual as the Member's Executive Representative. The Executive Representative shall have the sole authority on behalf of the Member to sign petitions to nominate candidates for Director or Nominating Committee positions in accordance with Article VII, Section 3(b)(i) and to vote or authorize another person or persons to act for such Member by proxy at any meeting of Members. All notices of meetings of Members shall be delivered to the Executive Representative.

(b) In the event that a Member fails to designate an Executive Representative, the Member's Membership Contact listed on the Member's Form 7-R or any amendment thereto shall be deemed to be the Member's Executive Representative.