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Governance

Bylaws - Article II

Bylaws

ARTICLE II: DUES AND FEES

Section 1.
Membership Dues

The Board of Directors shall set all membership dues and fees, which shall reflect membership classification and the global and geographic needs of the membership. The Board of Directors may require additional dues payments or fees to join or participate in association components or to participate in other association activities. The Board of Directors may establish provisions and guidelines for complimentary membership in the association. Criteria for complimentary membership and limited membership shall be stated in board policy when such memberships are allowed.

Section 2.
Payment of Dues

All dues, including dues attributable to membership in a component, must be paid directly to the association unless otherwise approved by the Board of Directors. IFMA Service Center of Excellence shall send annual dues notices to all members at least 60 days prior to the membership anniversary date, which shall be payable upon receipt. Dues may be paid on an annual or pro-rata basis as determined by the Board of Directors and as stated in Board policy.

Section 3.
Procedure for Non-Payment

If the annual dues of any member remain unpaid after the anniversary date, a final notice shall be sent. If a member's dues remain unpaid for a period of time as determined by the Board of Directors after final notice, such membership shall be terminated automatically. If satisfactory explanation for non-payment is provided to IFMA Service Center of Excellence, the membership may be reinstated on terms in accordance with such procedures, if any, established by the Board of Directors.

Section 4.
No Assessments

Association components do not have the power to levy any special assessment on any member of the association, other than regular annual dues and reasonable and necessary fees for attendance at association and component meetings, conferences, seminars and special events. Voluntary contribution programs for component support or other purposes may be established by the Board of Directors. The Board of Directors may, on a case-by-case basis or by adopted procedures, allow components the ability to charge additional and/or supplemental fees for services rendered by such component.

Section 5.
Membership Transfers between Chapters and Councils

Members who transfer to another chapter or council will be required to pay the appropriate fee for services in order to receive membership benefits for the new chapter or council. IFMA Service Center of Excellence will prorate and adjust chapter dues remittances accordingly.

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