Member in Good Standing

[Guest Grace]

In a faculty association, if for a year a member has been delinquent in monthly dues, but has been paying such monthly dues for almost 25 years beforehand - is the member denied the right to basic information such as knowing the status of statutory compliance, custody of funds, and details on bank registration and bank account name?  Would its bylaws be effective upon lack of statutory registration with regulatory bodies such as the Securities of Exchange Commission?

[Shmuel Gerber]

4 hours ago, Guest Grace said:

In a faculty association, if for a year a member has been delinquent in monthly dues, but has been paying such monthly dues for almost 25 years beforehand - is the member denied the right to basic information such as knowing the status of statutory compliance, custody of funds, and details on bank registration and bank account name? 

Membership status is determined by the rules in the bylaws of the association. Being delinquent in dues does not necessarily result in removal from membership, but it very well might, depending on what the bylaws say.

4 hours ago, Guest Grace said:

Would its bylaws be effective upon lack of statutory registration with regulatory bodies such as the Securities of Exchange Commission?

I doubt that the lack of such registration has any effect on whether bylaws are effective, but that sounds like a legal question, which we don't deal with on this Forum. 

[Atul Kapur]

It's beyond RONR, but I have to ask: even if it's a faculty of business, why would a faculty association have to register with the SEC?

[Shmuel Gerber]

1 minute ago, Atul Kapur said:

It's beyond RONR, but I have to ask: even if it's a faculty of business, why would a faculty association have to register with the SEC?

The question wasn't about the SEC, it was about the "Securities of Exchange Commission". 🙂