Membership Fees
and Dues (per Article 2 of By-Laws)
2.1 Membership in the
Club is a voluntary privilege, and shall consist of
Equity Members, and Associate Members.
2.2 Equity Membership in the Club denotes a
non-exclusive ownership interest in the Club assets.
However, Equity Members are not entitled to the
distribution of any operating surplus or net savings in
the Club. All surplus remaining after operating costs
and other expenses are paid shall be retained by the
Club to accomplish its tax exempt purpose.
2.3 The number of Equity Members in the club is limited,
consisting of not less than eight (8) and not more than
twenty (20) members per aircraft acquired.
2.4 All Equity Membership applicants shall provide a
completed membership application along with a $250.00
non-refundable initiation fee to the Secretary-Treasurer
for consideration as an Equity Member and shall also
provide such other documents as requested consistent
with the individual's airmen certification.
2.5 An Equity Member applicant shall be granted
membership only upon the consent of at least three (3)
members of the Board of Directors, except in the case of
a previous member who is re-applying, in which case
approval is required by majority vote of the Board of
Directors present at the next meeting of the Board of
Directors. All fees paid by applicants who are not
approved for membership shall be returned along with
notice of non-approval within seven (7) days.
2.6 A new Equity Member, upon acceptance, will pay an
initial investment of $1,000.00 and hold an equity
position in the club proportional to the number of
Equity Members in the Club; and will be entitled to one
vote on any resolution or in any election.
2.7 The Club may grant Associate Membership to an
individual who brings a benefit to an Equity Member, or
to the Club in general, but would not otherwise be a
candidate for Equity Membership. Such Associate
Membership would be at the specific request (or
sponsorship) of an existing Equity Member, and would
require approval of three (3) members of the Board of
Directors.
2.8 An Associate Member applicant shall provide a
completed membership application along with a $250.00
non-refundable initiation fee to the Secretary-Treasurer
for consideration. Upon approval as outlined in 2.7
herein, the Associate Member will be subject to monthly
dues of $85.00 which may, at the discretion of the Board
of Directors, be waived in lieu of the benefit derived
by the club. All fees paid by applicants who are not
approved for membership shall be returned along with
notice of non-approval within seven (7) days.
2.9 An Associate Membership does not include ownership
in the Club, nor does it entitle the Associate Member to
vote on any resolution or in any election, or to any
Club benefits other than flying time privileges.
2.10 In the event of aircraft scheduling conflicts
involving an Associate Member and an Equity Member, the
Associate Member will yield to the Equity Member.
2.11 Should an Equity Member elect to use a non-Member
CFI for his/her flight training, the Equity Member may
submit an application at his/her expense on the CFI’s
behalf to become a CFI Associate Member. Upon approval
as outlined in 2.7 and 2.8 herein, the CFI Associate
Member will be able to serve only in a training capacity
at the flying time expense of the Equity Member. A CFI
Associate Membership does not include ownership in the
Club, nor does it entitle the CFI Associate Member to
vote on any resolution or in any election; nor to any
Club benefits including flying time privileges; and is
not subject to monthly dues.
2.12 Members may not cause the Club to incur any
obligation, for maintenance or other services, nor
aircraft or equipment, without prior approval of the
Board of Directors.
2.13 The club will not disclose members' personal
information to outside parties except as required by
law, in the due course of business (such as for
insurance purposes), or as necessary in the interest of
safety.
2.14 Members are not to disclose the club roster to
outside parties or use the roster for any commercial
purpose, with the exception of occasional training
related announcements, without prior permission of the
board.
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