From 44328ab9d84b7efc7004ba448e3255772f309db4 Mon Sep 17 00:00:00 2001 From: Lexa Michaelides <32111123+LexaMichaelides@users.noreply.github.com> Date: Mon, 16 Oct 2023 23:53:15 -0400 Subject: [PATCH] Update bylaws.md --- Hypha-Worker-Co-operative/bylaws.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/Hypha-Worker-Co-operative/bylaws.md b/Hypha-Worker-Co-operative/bylaws.md index ed618378..e037e724 100644 --- a/Hypha-Worker-Co-operative/bylaws.md +++ b/Hypha-Worker-Co-operative/bylaws.md @@ -523,7 +523,7 @@ Bylaws adopted: June 13, 2020 After this allocation is made, as cash flow and capital requirements permit, the board of directors may direct the Co-operative to pay out in cash a fixed percentage of all member loans as they stand after the - year’s surplus allocations. The balance of the individual member’s + year’s surplus or loss allocations. The balance of the individual member’s capital account shall be adjusted accordingly. Within 3 months after the end of every financial year, the treasurer