Associated Students Inc. will hold an online special election today through Thursday in order to comply with a system-wide amendment made by the Cal State University Chancellor’s Office.
Previously, if ASI dissolved as a corporation, its net assets, other than trust funds, would have been distributed to a successor approved by the CSU Board of Trustees.
Under the proposed changes to the Articles of Incorporation, the chancellor alone will approve the successor if the corporation dissolves.
ASI will also be required to change its financial reporting standard from a private and/or nonprofit to a governmental reporting standard.
Student governments across the CSU will have to amend their Articles of Incorporation by Dec. 31 in order to be in compliance with the law. ASI will have to obtain a two-thirds vote from students in order to pass the changes to the Articles of Incorporation.
The link to the ballot was sent to students via email yesterday and will close on Thursday at 11:59 p.m.
