The Bylaws of Ace Monster Toys are stored on github:  Ace Monster Toys Bylaws

Note: Ace Makerspace is the DBA (Doing Business As) name for Ace Monster Toys.

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A Few Key Things it Says in the Bylaws*

• Legal Name of Nonprofit Corporation: Ace Monster Toys
• Number of Board Members: 5 directors
• What is the number for a quorum? 3 directors
• How many years in a term? 1 year term
• Are there term limits? No
• Who elects the members of the board of directors? Members of Ace Monster Toys
• What are the officer positions? President (CEO), Secretary, Treasurer
• Who elects the officers? Board of Directors
• What’s the difference between directors and officers?
  • Board of Directors provide governance and oversight. They elect and oversee the officers.
  • Officers handle day-to-day operations and administration.
  • Being an officer does not make someone a board member.
• Who’s really in charge?

Ace Makerspace is a Member-Run nonprofit. Full Voting Members of Ace Monster Toys formally govern the organization by electing the board and voting on major decisions.

• • Members choose the directors (governance layer)
  • Directors choose the officers (management layer)

• How can the bylaws be changed?
  • “By approval of the members” or
  • “by approval of the board of directors unless the bylaw amendment would materially and adversely affect the rights of members”
• What happens if there is no president? If the position of president is vacant, then the Chair shall act as CEO.
• And a Yes/No checklist for the bylaws:
  • Can the Board elect other officers, such as assistant treasurer or assistant secretary? Yes
  • Are board members indemnified? Yes
  • Is there a procedure for removal of a board member? Yes
  • Is there a procedure for removal of an officer? Yes

*The bylaws are the governing document and not this list of a few key things.