By-Laws
Living
corvette club

By Laws (Continued)


Article III


Living The Dream Corvette Club Founded August 2010

SECTION 1       Membership Dues:
Full Membership

The annual dues for each member of this Club shall be established each year and voted upon by Club members. Annual dues will be due on September 1 st each year and must be paid by October 31st of each year. The membership dues shall include the club dues and affiliation with a national organization. A new member's dues will be prorated for the year if membership begins after February 29th. A member is delinquent in their annual dues after November 30th and a late fee of $25.00 will be assessed on the member until February 29th. After February 29th, full membership to the club will be suspended and the member must re-apply for membership and pay the application fee, late fee and the current year's dues. Prior to a members suspension, the Secretary will notify the member of the pending suspension in writing and the member is to respond within ten (10) days from receipt of the notification. A member may pay one-half of a member's membership dues if the individual is having financial difficulty prior to suspension.



SECTION 2

The initial application fee of $125.00 for new applicants should not be confused with the applicant's annual dues for the year. Annual dues are determined by a vote of club members each year.



SECTION 3

All dues paid to the Club become assets of the Club with no property rights to said dues retained by the dues-paying members. Individual members shall have no right of possession to any part of the assets of the Club.



SECTION 4

The Club logo is the property of the Club and can only be used with the permission of the Executive Board.













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