Page 17 - BFAAM 23-24 Directory

BYLAWS
d. Life Membership. A life membership may be conferred on a person, partnership, firm or corporation who has rendered conspicuous and meritorious service to the Association; provided, however, that such membership shall be recommended by the Board of Directors and shall receive a majority vote of the Association. Such life member shall be exempt from payment of all dues and assessments and may have the privilege of attending all meetings, but shall not have the right to vote.
e. Honorary Membership. Honorary membership may be conferred on a person who has performed meritorious service to the Association and who would desire to attend conventions and meetings but cannot fulfill the requirements of regular or associate membership. Such membership shall be recommended by the Board of Directors and shall receive a majority vote of the Association. Honorary members shall be exempt from all dues and assessments and may attend all open meetings, but shall not have the right to vote.
f. Courtesy Membership. Courtesy membership may be conferred on a person who would desire to attend conventions and meetings but who cannot fulfill the requirements of other membership. Such membership shall be given at the discretion of the President, or shall be recommended by the Board of Directors and shall receive a majority vote of the Association. Courtesy members shall be exempt from all dues and assessments and shall not have the right to vote.
2.3 Application. All candidates for membership shall make application to the Association, to the Secretary, upon the form prescribed by him, and supported by a regular member in good standing. After due investigation and approval of the Membership Committee, the Board of Directors, at a meeting duly called, shall act upon such application. A candidate for membership must be willing and agree to conduct himself/herself and their firm’s business in accordance with the Code of Ethics adopted by the Association. Any candidate for membership shall become a member immediately upon payment of the application fee, as established by the Board of Directors from time to time, and upon the approval of the majority of the members at the next regular meeting. Membership in this Association shall not be transferable or assignable, except upon the approval of the majority of the members at the next regularly scheduled meeting.
2.4 Representatives. Each member, other than a natural person, shall designate the person or persons who will attend the meetings on its behalf, and each member entitled to vote shall designate one person who shall cast its vote.
ARTICLE III GOOD STANDING
3.1 A member in good standing is one who is not in arrears in the payment of any indebtedness to the Association. A member is in arrears thirty (30) days from the date when said obligation was first due.
3.2 A member may be suspended from the Association on any one of the following grounds: a. Not in good standing.
b. Failure to uphold the principles of the Code of Ethics of the Association.
c. Making false reports to the Association.
d. Failure to continue to fulfill all the standards and requirements for membership adopted by the Association.
3.3 A member or its designated representative who is not a regular member and in good standing may not be an officer or director of the Association; and a person may neither serve on the Board of Directors nor serve on any committee, nor hold any office in the Association, unless he is and remains in good standing.
3.4 Any member may be suspended for good cause shown by action of the Board of Directors. A determination by the Board that a member has committed any of the acts set forth in Section 3.2 above shall be conclusively deemed to constitute good cause. The period for suspension shall not exceed three (3) months. Notice of suspension, stating the reason for suspension and the terms and conditions of the suspension, shall be promptly sent to said member by registered mail. At the next regular meeting of the Board of Directors following the end of the suspension period, the Board of Directors shall consider the reinstatement, further suspension or the expulsion of said member. If the Board of Directors recommends expulsion, said recommendation shall be presented to the general membership. The member shall be expelled upon the affirmative vote of two-thirds of the voting members in attendance at the next regular meeting of the general membership.
3.5 If a member who has been expelled re-applies for membership to the Association, he shall submit the new application, accompanied by a check for payment of all dues and assessments during the period of time in which he was a member and during the period of time which he was under suspension. Said applicant shall also submit evidence showing that the terms and conditions of the original suspension have been satisfied.
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