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ARTICLE 10 <br />FISCAL YEAR <br />SECTION 1. FISCAL YEAR OF THE CORPORATION <br />The fiscal year of the corporation shall begin on the December 1 and end on November 30th in <br />each year. <br />ARTICLE 11 <br />AMENDMENT OF BYLAWS <br />SECTION 1. AMENDMENT <br />Subject to any provision of law applicable to the amendment of Bylaws of public benefit nonprofit <br />corporations, these Bylaws, or any of them, may be altered, amended, or repealed and new Bylaws <br />adopted as follows: <br />A) Subject to the power of members, if any, to change or repeal these Bylaws under Section <br />5150 of the Corporations Code, by approval of the Board of Directors unless the Bylaw <br />amendment would materially and adversely affect the rights of members, if any, as to <br />voting or transfer, provided, however, if this corporation has admitted any members, then <br />a Bylaw specifying or changing the fixed number of directors of the corporation, the <br />maximum or minimum number of directors, or changing from a fixed to variable board or <br />vice versa, may not be adopted, amended, or repealed except as provided in subparagraph <br />(b) of this Section; or <br />B) By approval of the majority action of the sitting Board of Directors;. <br />ARTICLE 12 <br />AMENDMENT OF ARTICLES <br />SECTION 1. AMENDMENT OF ARTICLES BEFORE ADMISSION OF MEMBERS <br />Before any members have been admitted to the corporation, any amendment of the Articles of <br />Incorporation may be adopted by approval of the Board of Directors. <br />SECTION 2. AMENDMENT OF ARTICLES AFTER ADMISSION OF MEMBERS <br />After members, if any, have been admitted to the corporation, amendment of the Articles of <br />Incorporation may be adopted by the approval of the Board of Directors and by the approval of <br />the members of this corporation. <br />San Leandro Improvement Association Bylaws 19 October 2013 <br />