Bylaws of Natural Health Essay Example for Free

Bylaws of Natural Health Essay particle 1 Membership shall consist only of the coach/President, Jason Wilson.ARTICLE III AMENDMENTSSection 1 These Bylaws may be amended when necessary.ARTICLE VIRestrictions on Actions1. All the assets and earnings of the Corporation shall be used exclusively for its rid purposes, including the payment of expenses incidental thereto. No part of either internet earnings shall inure to the benefit of any employee of the Corporation or be distri hardlyed to its Directors, officers, or any private person. 2. Notwithstanding any other furnish of these bylaws, the Corporation will not carry on any activities not permitted by an organization exempt under Section 501(c)(3), innate Revenue Code, 1986, or the corresponding preparation of any future federal law, or organizations whose contributions which are exempt under Section 170(c)(2), Internal Revenue Code, 1986, or the corresponding provision of any future federal law. The Corporation shall ha ve no capital stock, pay no dividends, distribute no part of its net income or assets to any Directors, Officers, and private property of the subscribers, Directors or Officers shall not be liable for the debts of the Corporation.3. No corporeal part of the Corporations activity shall be for the carrying on of a campaign of propaganda or other than attempting to influence legislation. The Corporation shall not participate in any governmental campaign, will not adopt in political campaigns or attempt to influence legislation or interfere with any political campaign on behalf or in opposition to any candidate for public office. 4. In particular, but not without limitation of the generality of the foregoing paragraph, during such time as the Corporation may be considered a private foundation as defined by Section 509(a), Internal Revenue Code, 1986, or the corresponding provision of any future federal law, it shall not A. Fail to distribute its income for each dutiable year at such time and in such manner as not to flummox subject to the tax on undistributed income imposed by Section 4942, Internal Revenue Code, 1986, or the corresponding provision of any future federal law.B. Engage in any act of egotism dealing as defined in Section 4941(d), Internal Revenue Code, 1986, or the corresponding provision of any future federal law. C. Retain any excess business holdings as defined in Section 4943(c), Internal Revenue Code, 1986, or the corresponding provision of any future federal law. D. perk up any investment on such manner as to subject it to tax under Section 4944, Internal Revenue Code, 1986, or the corresponding provision of any future federal law. E. Make any taxable expenditures as defined in Section 4945(d), Internal Revenue Code, 1986, or the corresponding provision of any future federal law.These bylaws were adopted on July 30, 2012.Jason Wilson, President