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r' <br /> which there can be any doubt about the existence of a conflict of interest,the director, <br /> officer, employee or agent shall disclose the same in writing to the Board of Directors, A <br /> transaction in which a director, officer, employee or agent has a conflict of interest may <br /> be approved in accordance with law. <br /> Please note: Thee new nonprofit law provides specie provisibns relating to Directors <br /> but is silent as to conflict of interest for employees and agents. -There is a question as to <br /> whether an employee or agent should be able to engage in activity that creches a conflict <br /> of interest that may be approved by the.board of Directors. This needs to be discussed.' <br /> ARTICLE XJ1. <br /> ACCOUNTING YEAR <br /> The accounting year of the corporation shall be the calendar year or such other <br /> period as may from time to time be established by the Board of Directors. " <br /> " t <br />