Article 2 – Definitions and Interpretation

2.0 Definitions: In this by-law and all other by-laws of FMRAC, unless the context
otherwise requires:

“Act” means the Canada Not-For-Profit Corporations Act S.C. 2009, c.23 including the
Regulations made pursuant to the Act, and any statute or regulations that may be
substituted, as amended from time to time;

“Articles” means the original or restated articles of incorporation or articles of
amendment, amalgamation, continuance, reorganization, arrangement or revival of

“Board” means the board of directors of the Corporation and “Director” means a
member of the Board;

“By-law” means this by-law and any other by-law of FMRAC as amended and which
are, from time to time, in force and effect;

“Meeting of the Members” includes an annual meeting of the Members or a special meeting of the Members; “special meeting of the Members” includes a meeting of any class or classes of Members and a special meeting of all Members entitled to vote at an annual meeting of the Members;

“Member” means a body confirmed in compliance with section 4.1;

“Officers” means the Officers of FMRAC which shall include the President, President-
Elect, Immediate Past President and Executive Director;

“Ordinary resolution” means a resolution passed by a majority of not less than 50% plus 1 of the votes cast on that resolution;

“Proposal” means a proposal submitted by a member of the Corporation that meets the
requirements of section 163 (Shareholder Proposals) of the Act;

“Regulations” means the regulations made under the Act, as amended, restated or in effect from time to time; 3/17

“Special Resolution” means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.