Page 11 - Dallas National GC Membership Information Packet 2025

T A X C O N S E Q U E N C E S O F A C Q U I R I N G A M E M B E R S H I P

The Club makes no representations and expresses no opinions regarding the federal, state or local tax
consequences of acquiring a membership or with respect to any Membership Fees, dues, fees or
charges paid to the Club. All persons acquire their membership subject to all applicable tax laws, as the
same may be amended from time to time. Accordingly, Members should consult with their own tax
advisors with respect to the tax consequences of any Membership Fees.

T R A N S F E R O F M E M B E R S H I P T O T H E C L U B

A Resigning Member may transfer his or her membership only to the Club. The Club will then seek to
reissue the membership. A Resigning Equity Member shall continue to be obligated to pay dues, fees
and charges until the membership is reissued. The Member may continue using the Club Facilities
upon the timely payment of applicable dues, fees and charges. Resignation of a Member is irrevocable,
unless otherwise determined by the Club. The Club will reissue memberships of Resigning Equity
Members on a first-resigned, first-reissued basis. The Club will deduct from the amount to be refunded
to a Resigning Member any amount which the Member owes the Club.

L E G A L S E P A R A T I O N O R D I V O R C E

In the event a Member is legally separated or divorced from his or her spouse, title to the membership,
including all rights and benefits to the holder thereof, shall remain in the Member's name. In the event
a final, non-appealable order of a court having jurisdiction awards the membership to the Member's
spouse, the Member shall become a Resigning Member and the Club will seek to reissue the
membership on the same basis as any other resigned membership. Upon reissuance of the
membership, the spouse shall be entitled to the refund of the Membership Fee unless a court order
directs otherwise. A Member shall be required to give written notice to the Club of a divorce or legal
separation and shall remain responsible for the payment of all dues, fees and charges associated with
the membership. In the case of legal separation, the Member may in his or her discretion restrict use of
the Club Facilities by family members designated by the Member.

T R A N S F E R O F M E M B E R S H I P U P O N T H E D E A T H O F A M E M B E R

Upon the death of a Member, the Member will be deemed to be a Resigning Member, but shall have no
further obligation for dues. Upon the reissuance of the deceased Member's membership, the
Membership Fee will be refunded to the estate of the deceased Member as provided in this
Membership Plan.

D U E S , F E E S A N D C H A R G E S

The Board of Directors of the Club will determine the amount of dues, fees and charges to be payable
by Members each year. Dues shall be payable, in advance, on a monthly basis on or before the first day
of each month, unless otherwise determined by the Board of Directors from time to time. In the case
where spouses each acquire a membership and so long as both memberships are active, only 50% of the
dues required for the category in question shall be payable with respect to the second membership.
The amount of dues, fees and other charges is subject to change from time to time by the Board of
Directors. Members are not obligated to pay separate range, locker or bag storage fees.

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