The name of the corporation is OpenHealthShare.
OpenHealthShare is organized exclusively for charitable, educational, and health-related purposes under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. The mission of OpenHealthShare is to provide transparent, community-driven healthcare sharing solutions to its members, fostering accessibility, affordability, and equity in healthcare.
Membership in OpenHealthShare shall be open to individuals and organizations that align with the corporation’s mission and agree to abide by its bylaws and policies.
Members shall have the right to participate in healthcare sharing programs and attend the Annual Meeting. Members shall not vote on corporate matters unless otherwise provided in these bylaws.
Membership may be terminated for failure to adhere to organizational policies, engage in misconduct, or fail to meet financial obligations.
The Board of Directors shall oversee the management, affairs, and strategic direction of OpenHealthShare.
The Board shall consist of at least three (3) and no more than fifteen (15) members. The exact number of directors shall be determined by the Board.
Directors shall serve terms of three (3) years. Directors may serve no more than two (2) consecutive terms unless approved by a two-thirds (2/3) vote of the Board.
Directors shall be elected by a majority vote of the Board at the Annual Meeting. Vacancies may be filled by a vote of the remaining directors.
A director may be removed for cause by a two-thirds (2/3) vote of the Board. Directors may resign by providing written notice to the President.
The officers of the corporation shall include a President, Vice President, Treasurer, and Secretary. Additional officer roles may be established as needed.
Officers shall be elected by the Board of Directors at the Annual Meeting and serve for one (1) year. Officers may be re-elected.
The Annual Meeting of the Board and members shall occur in the first quarter of the fiscal year. The purpose is to review the organization's progress, elect directors and officers, and address other business.
Regular meetings shall be held at least quarterly. Special meetings may be called by the President or any three (3) directors.
Notice of all meetings shall be provided at least seven (7) days in advance by mail, email, or phone.
A majority of the directors shall constitute a quorum for conducting business. Decisions shall be made by a majority vote unless otherwise specified in these bylaws.
The Board may establish standing committees such as Finance, Programs, Membership, and Governance to support its work.
The Board may create ad hoc committees to address specific tasks or projects.
Committees shall include at least one director and may include non-director members. Chairs shall be appointed by the Board.
The fiscal year of OpenHealthShare shall begin on January 1 and end on December 31.
The Board shall approve an annual budget. The Treasurer shall oversee financial records, ensure annual audits, and provide regular financial reports.
Directors and officers shall not receive compensation for their services but may be reimbursed for reasonable expenses incurred on behalf of the organization.
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