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8-K - 8-K - ABERDEEN ISRAEL FUND, INC.a17-2683_48k.htm

Ex-3(ii)

 

Amendment to the By-Laws

of

Aberdeen Israel Fund, Inc.

 

Pursuant to Article XIV of the Amended and Restated By-Laws (the “By-Laws”) of Aberdeen Israel Fund, Inc. (formerly, The First Israel Fund, Inc.) (the “Corporation”), Article II, Section 5, of the By-Laws is hereby amended and restated in its entirety as follows:

 

Section 5. Quorum. At all meetings of the stockholders, the holders of a majority of the shares of stock of the Corporation entitled to vote at the meeting, present in person or by proxy, shall constitute a quorum for the transaction of any business, except as otherwise provided by statute or by the Articles of Incorporation. In the absence of a quorum no business may be transacted, except that (a) the chairman of the meeting or (b) the holders of a majority of the shares of stock present in person or by proxy and entitled to vote may adjourn the meeting from time to time, without notice other than announcement thereat except as otherwise required by these By-Laws, until the holders of the requisite amount of shares of stock shall be so present. At any such adjourned meeting at which a quorum may be present any business may be transacted which might have been transacted at the meeting as originally called. The absence from any meeting, in person or by proxy, of holders of the number of shares of stock of the Corporation in excess of a majority thereof which may be required by the laws of the State of Maryland, the Investment Company Act of 1940, as amended, or other applicable statute, the Articles of Incorporation, or these By-Laws, for action upon any given matter shall not prevent action at such meeting upon any other matter or matters which may properly come before the meeting, if there shall be present thereat, in person or by proxy, holders of the number of shares of stock of the Corporation required for action in respect of such other matter or matters.

 

January 15, 2017

 

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