SECTION 1: ORGANIZATION
The society shall be operated as a “not for profit” organization with its registered corporate office of the business at the address of the Secretary of the Society in the State of California. Executive headquarters and business offices may be established in such cities of the State of California as the BOARD may from time to time determine.
SECTION 2: FINANCIAL OPERATION
The operations of the Society shall be funded by members through initiation fees, dues, assessments and Seminar fees, the amounts and schedule of which will be established by the BOARD, and promulgated to the membership.
2.1 Funds may be received from donors for endowments and such will be placed in a separate trust account, to be administered by the BOARD.
2.2 The Society is not organized nor will it be operated for pecuniary profit, and shall not declare or make dividends or other financial distribution to its members, except that the Society shall be authorized to reimburse cost that are advanced and to make payments and distributions in furtherance of the purposes set forth in ARTICLE 1.
2.3 The fiscal year of the Society shall be from January 1 to December 31.
SECTION 3: DUES
Except for Emeritus members, an annual dues assessment will be due and payable on or before January 1 of each calendar year. Dues become delinquent if not paid within sixty (60) days of the due date. The member will be notified of the delinquency in writing and allowed thirty (30) days to bring the dues payment current.
SECTION 4: NON-LIABILITY OF DIRECTORS AND MEMBERS
The directors and other members shall not be personally liable for debts, liabilities, or other obligations of the Society.