Any membership now or hereafter issued to either a husband or wife shall be and is the joint membership of said husband or wife and his or her spouse and upon the death of either spouse, the membership will be held solely by the survivor spouse. The term “Members” as used in these Bylaws, shall be deemed to be the joint membership of a husband or wife and any provisions relating to the rights and liabilities of membership shall apply equally with respect to the holders of a joint membership.
The effect of the hereinafter specified actions by or in respect of the holders of joint membership shall be as follows:
- The presence at a meeting of either or both shall be regarded as the presence of 1 member and shall constitute a joint waiver of notice of the meeting;
- The vote of either separately or both jointly shall constitute 1 joint vote;
- A waiver of notice or any other instrument signed by either shall constitute the waiver or other instrument of both;
- Notice to either shall constitute notice to both;
- Expulsion of either shall terminate the joint membership;
- Withdrawal of either shall terminate the joint membership;
- Either but not both may be elected or appointed as an officer or director, provided that both meet the qualifications of such office.
(August 25, 1977; September 30, 1987)