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2016 Restated Bylaws Part 5: SEVERABILITY CLAUSE

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 PostPosted: Mon 05 Sep 2016 9:51 am   
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Joined: Mon 27 May 2013 10:54 pm
Posts: 717
Location: Mid-Atlantic Coast
Refer to the Executive Summary at the back end of the proposed bylaw mailer.

This is the section discussing the addition of a severability clause.

Beyond my knowledge base, but sounds acceptable.


A WorldMark and Club Wyndham Owner

Resorts visited:
WorldMark: Solvang, Lake Tahoe, Angels Camp, Running Y, Depoe Bay, Big Bear, Marina Dunes, Reno, Wolf Creek, West Yellowstone, Havasu Dunes, Santa Fe, Grand Lake, Steamboat Springs
Club Wyndham: Grand Desert, Angels Camp, Flagstaff, Old Town Alexandria, Governor's Green, Great Smokies Lodge, Smokey Mountains, Kingsgate
Other: Club Tahoe, Glacier Wilderness Resort, Vacation Village in the Berkshires, USS Constellation, USS Dwight D. Eisenhower, Camp Lemonnier (Djibouti)

 PostPosted: Mon 05 Sep 2016 8:23 pm   
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Joined: Tue 11 Nov 2008 1:20 pm
Posts: 3999
Location: San Antonio, TX
As the summary indicates, this a standard provision in any modern contract. In fact most legislation has a similar clause.

It allows a provision of the by-laws to be "severed" from the by-laws if it found to be illegal, and allows the remainder of the by-laws to still apply.


FACT: We have two independent BoD members - Bob Morrison and Cecilia Cuevas. You can trust that they are independent BoD members, because WMOwners Inc. cast proxy votes for them in the 2011 election. Both of these owners do not have any current or previous financial ties to Wyndham, and meet the IRS and SEC criteria for independent board members.

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