Article I - NAME
Section 1. Types of MembershipArticle VI - OFFICERS OF THE CORPORATION
Article VIII - MEETINGS Article X - EMPLOYEES Article XII - IMPLEMENTATION Article XIV - INDEMNIFICATION Article XVI - RULES OF ORDER
The name of the Corporation shall be the MIDWEST ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS.
The purpose or purposes for which the Midwest Association of Student Financial Aid Administrators is formed are:
Membership shall be of three types: regular, associate, and retired membership. Application for membership in the Corporation shall be made to the Treasurer for processing.
Any member of the Corporation shall be dropped from membership for nonpayment of dues.
The officers of the Corporation shall be the President, President-Elect, Vice President, Secretary, and Treasurer.
The President-Elect shall automatically become President of the Corporation upon the death, resignation, or removal of the President, or at the adjournment of the annual meeting of the Corporation to be held during the next annual meeting after the commencement of the term as President-Elect.
The elected or appointed officials of the Corporation shall not receive any compensation for their services as such to the Corporation. Any necessary travel expenses of an elected or appointed official to represent the Corporation may be paid from Corporation funds by approval of the President.
The Trustees of the Corporation shall be designated and known as the Executive Council. The term "Executive Council" as used in the By-Laws shall be synonymous with the term "Trustee" as used in Sections 1702.01, et seq., Revised Code of Ohio.
The Executive Council shall be composed of the incumbent officers, the immediate Past President, one member selected by each of the state associations listed in Article IV, Section 2(a), and four members elected at large. Members elected at large serve two-year terms with two terms expiring each year. All members of the Executive Council must be members of MASFAA. The members of the Executive Council shall be not less than three.
The Corporation must meet in an annual meeting. The time and place of each such annual meeting shall be fixed by the Executive Council and written notice thereof shall be given to all members of the Corporation at least thirty (30) days prior to the time so fixed. One-fifth of the eligible voting members of the Corporation shall constitute a quorum of the Corporation.
Function, criteria for membership, and jurisdiction of all committees are outlined in the Corporation's Policy and Procedures Manual.
Provided necessary funds are available, the Corporation may employ personnel whose titles, duties, and remuneration shall be determined by the Executive Council. Necessary expenses of any such employees may be paid from the funds of the Corporation under the policies of the Executive Council established for such payments.
The By-Laws and any future amendments, if adopted, shall have immediate effect.
MASFAA is a 501(c)3 non-profit organization.
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