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The Holding Corporation owns the property and protects the interest of the Stockholders. All Regular members of Eastern Yacht Club are required to purchase shares of Stock in the Holding Corporation and thus are the member/owners of Eastern Yacht Club




Note: The Holding Corporation Board elects it's own Officers at a Board meeting
         that immediately follows the annual stockholders meeting.
         The Commodore of EYC automatically has a seat on the Holding
         Corporation board during his/her year as Commodore of EYC.