Member‑based definition

Member‑based means an organization the membership of which is open to all adult residents of the geographic area served by the organization, and that the members of the organization’s board of directors are directly elected by the membership as provided in the bylaws of the organization.
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Related to Member‑based

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Members means the persons who are duly registered as the holders from time to time of shares in the register including persons who are jointly so registered.

  • DCP means disclosure controls and procedures;

  • Committee members means persons formally appointed by the Board to sit on or to chair specific committees.

  • Deferred member means a person who elected to receive deferred vested retirement