How are regular meetings of the Members for a Stretch Zone DMA Cooperative determined?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
- Section 1. Regular Meetings. The regular meetings of the Members will be held at a time and place as the Members determine for the transaction of any business as may come before the meeting. The Members may provide, by resolution, the time and place, for the holding of additional regular meetings without notice other than the notice provided by the resolution.
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, the regular meetings of the Members within a Designated Marketing Area (DMA) Cooperative are held at a time and place determined by the Members themselves. These meetings are for transacting any business that comes before the meeting.
The Members have the option to decide, through a resolution, the time and place for holding additional regular meetings. If they pass such a resolution, no other notice is required beyond what the resolution itself provides. This allows the DMA Cooperative to set a consistent schedule and location for their meetings, streamlining the process and ensuring all members are aware of the arrangements.
This approach provides flexibility for Stretch Zone franchisees within the DMA to organize their meetings in a way that best suits their needs and schedules. By allowing the members to determine the meeting times and locations, Stretch Zone empowers them to manage their cooperative effectively and address local advertising and promotional efforts efficiently.