Section 1. Initiation Fees
The amount of the initiation fee for membership into the Society shall be determined by the Board of Directors.
Section 2. Annual Dues
The annual dues for Fellows, Associate Fellows, Members, Associate Members and Corporate Members shall be determined by the Board of Directors. Once established the amount of the dues shall remain constant for a period of not less than three years. No dues shall be charged to Honorary Fellows.
The annual dues of individual members shall become due and payable annually, in advance, as of the first day of January. This date shall define the membership year and will coincide with the Society’s fiscal year.
Dues of each Corporate Member shall be payable upon acquisition of membership and annually thereafter on the anniversary of its admission to the Society or on such alternate date as is approved by the Board of Directors.
Section 3. Additional Assessments
For the purpose of creating a fund adequate to meet the expenses of the Society and to permit it effectively to carry out its aims and objectives, the members may be required to pay the Treasurer additional assessments.
The amount of additional assessments shall be determined by the Board of Directors and approved by an affirmative vote of a majority of the voting members.
No assessments shall be charged to Honorary fellows.
No additional assessments shall be charged to Corporate Members.
Section 4. Prorating Dues
Dues and assessments of each new individual member shall be payable upon acquisition of membership and shall be prorated according to the number of months remaining in the current membership year.
Section 5. Special Subscriptions
Subject to the approval of the Board of Directors, special committees, regional groups, or others may create from among the members directly concerned, additional funds to be expended, in accordance with such approval, in carrying out work not covered by the general budget of the Society.
Section 6. Special Contributions
In addition to the payment of annual dues and assessments, any member may make special contributions or gifts of money or property to the Society for the purpose of increasing its work and scope of its activities, provided however, that all such contributions or gifts and the terms of their acceptance shall be subject to the approval of the Board of Directors.
Section 7. Lifetime Membership
A lifetime membership for Fellows, Associate Fellows, Members and Associate Members may be purchased at any age. The cost of lifetime membership, based on actuarial tables and other factors, shall be determined by the Board of Directors. Once established, the cost of lifetime membership shall remain constant for a period of not less than three years.
If a lifetime membership is purchased when the annual dues are payable, the fee will be based on the age for the coming year.
