IACA Board of Directors Guidebook - page 33

Page 13 of 15
As edited/corrected March 25, 2011
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ARTICLE X BOOKS AND RECORDS
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The Corporation shall keep books and records of account and minutes of the proceedings of all Board of
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Directors meetings and Executive Committee meetings. The Corporation shall keep at the registered or
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principle office a record of the names and addresses of all members entitled to vote. Books and records of
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the Corporation, except for individual member files, may be inspected by any member or the member's
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agent or attorney.
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ARTICLE XI FISCAL YEAR
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The fiscal year of the Corporation shall begin on the 1st day of January and end on the 31st day of
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December of the same year.
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ARTICLE XII DUES
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Membership dues for the various categories shall be determined by the Board of Directors.
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ARTICLE XIII WAIVER OF NOTICE
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Whenever any notice is required to be given under the provisions of the Nonprofit Corporation Act of
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New Mexico or under the provisions of the Articles of Incorporation or Bylaws of the Corporation, a
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waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after
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the time stated therein, shall be deemed equivalent to the giving of such notice. Actual notice should be
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deemed given to members by mailing notices to the members at their last known address. Service of
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notice is complete upon mailing.
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ARTICLE XIV COMPENSATION OF MEMBERS
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No member of the Corporation, shall receive any of the net profits of the Corporation, except limited
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compensation, if funds permit, for expenses incurred by members, Directors or Officers in connection
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