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Merge pull request #259 from hyphacoop/bylaws-6.4-allocation
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Amend Section 6.4 - Allocation of Net Income, Surplus, and Loss
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LexaMichaelides authored Nov 22, 2023
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2 changes: 1 addition & 1 deletion Hypha-Worker-Co-operative/bylaws.md
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Expand Up @@ -523,7 +523,7 @@ Bylaws adopted: June 13, 2020
After this allocation is made, as cash flow and capital requirements
permit, the board of directors may direct the Co-operative to pay out in
cash a fixed percentage of all member loans as they stand after the
year’s surplus allocations. The balance of the individual member’s
year’s surplus or loss allocations. The balance of the individual member’s
capital account shall be adjusted accordingly.

Within 3 months after the end of every financial year, the treasurer
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