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Volume 101, Issue 2                                                                                     27





          RESOLUTION 2024-07
          FINANCIAL PENALTY FOR LATE SUBMISSION OF CHAPTER ANNUAL REPORT
          .

             Sponsor Info                                                 Process Status                Date
           Date Submitted:      10/30/2023                           Nat’l HQ Received           10/30/2023
           Resolution #                                              Resolutions Committee
           (by Resolution       2024-07                              Received                    11/15/2023
           Comm):
                                Mark W. Underwood,                   Judge Advocate
           Author:                                                                               01/08/2024
                                NS-T                                 Reviewed
           Co-Author
           (If Any):            James B. Bartley                     Forwarded to Nat’l HQ       01/22/2024
                                National Bylaws
           References:                                               ANC Final Status
                                Article V Section 9d
           TITLE                 Financial Penalty for Late Submission of Chapter Annual Report

                                 Article 5, para 9.d of the National Bylaws states: “d. Submitting Chapter Annual
                               Report: If an operational Chapter fails to submit its Chapter Annual Report on time, it
                               is placed on probation and forfeits 10% of its Membership-in- Perpetuity Dividend for
                               each month the report is late. If the report is not received by the following National
                               Convention, the Chapter is not in good standing and loses all voting rights until the
                               report is submitted. If the Chapter Annual Report is delinquent for two (2) consecutive
                               years, the Chapter’s charter is suspended.”, and
           WHEREAS               After 10 months the MIP dividend for a Chapter could be reduced to $0.00, and

                                 That the total annual income for a Chapter is probably its MIP dividend, and
                                 Not receiving any MIP Dividend puts the continued operations of that Chapter at risk
                               and could lead to it closing or going In Memorium,



                                 Article 5, para 9.d of the National Bylaws be amended to read:  “d. Submitting
                               Chapter Annual Report (CAR): If an operational Chapter fails to submit its CAR by
                               30 June, it will be assessed a late fee of $200.00 of its Membership-in- Perpetuity
           THEREFORE,          Dividend. If the report is not received by the following National Convention, the
           BE IT               Chapter is not in good standing and loses all voting rights until the report is submitted.
           RESOLVED            If the Chapter Annual Report is delinquent for two (2) consecutive years, the
                               Chapter’s charter is suspended.”
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