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Membership
Section
1. Classes of Members. The
Corporation shall have three classes of members: active, affiliate
and emeritus membership.
Section
2. Active Members. Active
membership includes any post‑secondary educational institution
in New Mexico engaged in the direct administration of student
financial aid in the State of New Mexico. An active member shall be
represented only by a professional, practicing financial aid
administrator from the member institution. The representative or a
designated alternate may vote on matters before the membership
subject to the eligibility rules defined in Article IV, Section 10.
The representative or designated alternate may be changed by
submitting a written notice of such intent to the Corporation's
Secretary at the time the member's annual dues are paid and/or
renewed. The voting representative or designated alternate may be
changed prior to any meeting of the membership by submitting written
notice of such intent to the Secretary of the Corporation before the
meeting of the membership.
Section
3. Affiliate Members. Affiliate
membership shall include individual representatives of government
agencies, foundations, private and community organizations
interested in student financial aid.
Section
4. Emeritus Members. Emeritus
membership includes all professional financial aid administrators
who have retired from active employment with five or more years of
service with active member institutions represented before the
Corporation, or past affiliate members who have retired with five or
more years of service with their respective organization.
Section
5. Application. Application for
membership in the Corporation shall be made to the Treasurer. Annual
membership dues payable to the Treasurer of the Corporation shall be
$50.00 per active member institution, $20.00 per affiliate member
and $10.00 per emeritus member. However, the Board of Directors may
recommend from time‑to‑time changes in the amount of the
annual dues payable to the Corporation by members of each class.
Section
6. Payment of Dues. Dues shall be payable on January
1st each calendar year and should be paid before the business
section of the annual conference. Dues of a new member shall be
prorated from the first day of each month in which such a member is
elected to membership for the remainder of the fiscal year of the
Corporation.
Section
7. Default and Termination of Membership. When any
member of any class shall be in default in the payment of dues,
their membership may thereupon be terminated by the Board of
Directors. Default shall become effective when dues are not paid by
the first day of the annual conference.
Section
8. Termination of Membership. The
Board of Directors, by affirmative vote by a majority of the
directors, may suspend or expel a member for cause after an
appropriate hearing, and may, by a majority vote of those present at
any regularly constituted meeting, terminate the membership of any
member who becomes ineligible, or suspend or expel any member who
shall be in default in the payment of dues for the period fixed by
the Board of Directors.
Section
9. Resignation. Any member may
resign by filing a written resignation with the Corporation's
Secretary, but such resignation shall not relieve the member so
resigning of the obligation to pay all dues, assessments or other
charges that have previously accrued and that remain unpaid.
Section
10. Reinstatement.
Upon written request signed by a former member and filed with
the Corporation's Secretary, the Board of Directors may, by the
affirmative majority vote of the Directors, reinstate such former
member to membership upon such terms as the Board of Directors may
deem appropriate.
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