Page 62 - Phase One - 2016-2017 AILFN Membership Report (9)
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2016/2017 Phase One – A Global Presence
binding upon all Members, unless otherwise specified in the Rules and Regulations. Each Rule and
Regulation shall remain in effect until it is amended, terminated, repealed or withdrawn by the Board of
Directors.
ARTICLE 13 - NOTICE
Notice of meetings of the Board of Directors, Members, and committees or any other notice which is
required in terms of these Bylaws shall be deemed to be delivered when deposited in United States mail
addressed to the recipient at his or her address as it appears on the records of the Corporation with
postage thereon prepaid; if notice is given fax, such notice shall be deemed to be delivered when receipt
is confirmed by the fax machine or if done by email, such notice is deemed delivered when opened as
confirmed by return email. In any case where notice is required to be given to all Members, notice shall
be deemed to be delivered where the relevant information or documentation has been made available
on an internet web site accessible by all Members for a continuous period of 14 days and that the
existence of such information has been notified to all Members by e-mail.
ARTICLE 14 - TERMINATION AND TRANSFER OF MEMBERSHIP
Section 1. Termination for Cause. A Member may be suspended, denied all privileges of membership or
terminated from membership in the Corporation by the affirmative vote of two-thirds (2/3) of the Board
of Directors, if such Member; violates the Bylaws, Rules or Regulations of the Corporation; fails to comply
with the policies of the Corporation as more particularly described in Section 3 below; fails or refuses to
pay any fees or assessments owed to the Corporation, or conducts itself in a manner which the Board of
Directors in good faith determines is reasonably likely to discredit the Corporation, or adversely affect the
reputation of the Corporation; or the Board of Directors in good faith, for any reason whatsoever
determines that continuation of such Member in the Corporation is not in the best interests of the
Corporation. The Board of Directors may, but shall not be obligated to, refund any portion of the initiation
fee of a terminated Member. Upon termination for any reason all fees and assessments previously paid
to the Corporation by the Members shall be non-refundable.
Section 2. Change of Circumstances A Member may be terminated or suspended from membership in the
Corporation by the affirmative vote of two-thirds (2/3) of the Board of Directors, if such Member
undergoes a substantial change in circumstances which the Board of Directors determines, in its sole
discretion, adversely affects the Member's ability to participate effectively in the Corporation. A
"substantial change in circumstances" shall include, but shall not be limited to, a significant decrease in a
Member's size or a significant adverse change in a Member's composition, practice, financial condition or
professional standing.
Section 3. Compliance with Policies A Member shall have failed to comply with the policies of the
Corporation if the Board of Directors determines that such Member; has materially failed to comply with
policies established by the Corporation from time to time; or has materially failed to handle matters
referred to it by other Members in a timely and/or competent manner or fails or refuses to pay any fees
or assessments owed to the Corporation.
Section 4. Transfer of Membership. No Member may transfer or otherwise dispose of its certificate of
membership in the Corporation, other than by termination, without the approval of the Board of
Directors, and any attempt to do so shall be void and shall have no force or effect.
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binding upon all Members, unless otherwise specified in the Rules and Regulations. Each Rule and
Regulation shall remain in effect until it is amended, terminated, repealed or withdrawn by the Board of
Directors.
ARTICLE 13 - NOTICE
Notice of meetings of the Board of Directors, Members, and committees or any other notice which is
required in terms of these Bylaws shall be deemed to be delivered when deposited in United States mail
addressed to the recipient at his or her address as it appears on the records of the Corporation with
postage thereon prepaid; if notice is given fax, such notice shall be deemed to be delivered when receipt
is confirmed by the fax machine or if done by email, such notice is deemed delivered when opened as
confirmed by return email. In any case where notice is required to be given to all Members, notice shall
be deemed to be delivered where the relevant information or documentation has been made available
on an internet web site accessible by all Members for a continuous period of 14 days and that the
existence of such information has been notified to all Members by e-mail.
ARTICLE 14 - TERMINATION AND TRANSFER OF MEMBERSHIP
Section 1. Termination for Cause. A Member may be suspended, denied all privileges of membership or
terminated from membership in the Corporation by the affirmative vote of two-thirds (2/3) of the Board
of Directors, if such Member; violates the Bylaws, Rules or Regulations of the Corporation; fails to comply
with the policies of the Corporation as more particularly described in Section 3 below; fails or refuses to
pay any fees or assessments owed to the Corporation, or conducts itself in a manner which the Board of
Directors in good faith determines is reasonably likely to discredit the Corporation, or adversely affect the
reputation of the Corporation; or the Board of Directors in good faith, for any reason whatsoever
determines that continuation of such Member in the Corporation is not in the best interests of the
Corporation. The Board of Directors may, but shall not be obligated to, refund any portion of the initiation
fee of a terminated Member. Upon termination for any reason all fees and assessments previously paid
to the Corporation by the Members shall be non-refundable.
Section 2. Change of Circumstances A Member may be terminated or suspended from membership in the
Corporation by the affirmative vote of two-thirds (2/3) of the Board of Directors, if such Member
undergoes a substantial change in circumstances which the Board of Directors determines, in its sole
discretion, adversely affects the Member's ability to participate effectively in the Corporation. A
"substantial change in circumstances" shall include, but shall not be limited to, a significant decrease in a
Member's size or a significant adverse change in a Member's composition, practice, financial condition or
professional standing.
Section 3. Compliance with Policies A Member shall have failed to comply with the policies of the
Corporation if the Board of Directors determines that such Member; has materially failed to comply with
policies established by the Corporation from time to time; or has materially failed to handle matters
referred to it by other Members in a timely and/or competent manner or fails or refuses to pay any fees
or assessments owed to the Corporation.
Section 4. Transfer of Membership. No Member may transfer or otherwise dispose of its certificate of
membership in the Corporation, other than by termination, without the approval of the Board of
Directors, and any attempt to do so shall be void and shall have no force or effect.
57
