Endowed Lodge

[Benjamin Baxter]

I understand that if one wanted to purchase and endowed membership here in Texas we just ask the secretary. With endowed memberships being pretty costly all at once, I heard in passing you could pay in payments. According to my reading of the GL law book, you can pay your endowment in installments with a form 76-b with a 5 year minimum time frame. Does it require a unanimous vote during a stated meeting to have this approved?

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[Bill Lins]

According to my reading of the GL law book, you can pay your endowment in installments with a form 76-b with a 5 year minimum time frame. Does it require a unanimous vote during a stated meeting to have this approved?

To begin with, the 5-year term is the maximum, not the minimum. Secondly, the Law states "a favorable" vote of the Lodge. That means a simple majority of those present at the meeting when the proposal was voted upon.

Hope this helps.

 

[Benjamin Baxter]

Thank you Brother Bill. I typed minumum in by an accident. At least we know you on your game.Thank you for for the reply. I have a better understanding know. I just recieved my copy of GL Law and I sure their is plenty in there that will me. Thank you my brother.

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[Bill Lins]

I just recieved my copy of GL Law and I sure their is plenty in there that will me.

Don't feel like the Lone Ranger! :wink:

 

[Benjamin Baxter]

I don't, but I am thankful to have such well informed and experienced brethen to lean on for the answers that leave me puzzled.

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