ARTICLE I DEFINITIONS § 1.01 Definitions The terms defined in the Section (1.01) and in the Preamble hereto (except as – herein otherwise expressly provided or unless the context otherwise requires) for all purposed of the Agreement and of any amendment or supplement hereto shall have the respective meanings specified in this Section 1.01 and said Preamble. Articles The original Articles of Incorporation, all amendments thereof, and any other articles, – statements, or certifications permitted or required to be filed in the Department of State. of Delegates The body of Members of the Corporation, also known as the General – Membership. Board of Directors The group of persons vested with the management of the business and – officers of the Corporation. Bylaws The code of rules adopted for the regulation or management of the business affairs of – the Corporation. Corporation The School Districts Service Corporation (SDSC) – Delegate/ Alternate Delegate A representative chosen by a Member to function on behalf of – the Corporation and to serve on the Board of Delegates. Dissolution The termination of corporate existence effected by the filing of Articles of – Dissolution with the Department of State. Fiscal Year The Corporation fiscal year be from July 1 to June 30. – General Membership The of current members, also known as the Board of Delegates. – Interim Board of Directors The initial group of persons vested with the management of the – Corporation, with their term to be two (2) years. Members School districts, intermediate and public vocational-technical schools which are – current members of the School Districts Insurance Consortium (SDIC). Pennsylvania Nonprofit Corporation Law of 1988 Title 15, Section 21, P.L. 1444, No. 177 §103, – effective October 1, 1989. Statute applicable to the School Districts Service Corporation.
ARTICLE I DEFINITIONS § 1.01 Definitions – The terms defined in the Section (1.01) and in the Preamble hereto (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposed of the Agreement and of any amendment or supplement hereto shall have the respective meanings specified in this Section 1.01 and said Preamble. Articles – The original Articles of Incorporation, all amendments thereof, and any other articles, statements, or certifications permitted or required to be filed in the Department of State. of Delegates – The body of Members of the Corporation, also known as the General Membership. Board of Directors – The group of persons vested with the management of the business and officers of the Corporation. Bylaws – The code of rules adopted for the regulation or management of the business affairs of the Corporation. Corporation – The School Districts Service Corporation (SDSC) Delegate/ Alternate Delegate – A representative chosen by a Member to function on behalf of the Corporation and to serve on the Board of Delegates. Dissolution – The termination of corporate existence effected by the filing of Articles of Dissolution with the Department of State. Fiscal Year – The Corporation fiscal year be from July 1 to June 30. General Membership – The of current members, also known as the Board of Delegates. Interim Board of Directors – The initial group of persons vested with the management of the Corporation, with their term to be two (2) years. Members – School districts, intermediate and public vocational-technical schools which are current members of the School Districts Insurance Consortium (SDIC). Pennsylvania Nonprofit Corporation Law of 1988 – Title 15, Section 21, P.L. 1444, No. 177 §103, effective October 1, 1989. Statute applicable to the School Districts Service Corporation.