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Bylaws of the Florida Yacht Brokers Association, Inc.
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[ Article I-V | Article VI-VII | Article VIII-X | Article XI-XV ]
ARTICLE I
NAME
- The name of this organization shall be the FLORIDA YACHT BROKERS ASSOCIATION, INC. (hereinafter referred to as
the "Association").
ARTICLE II
OBJECTIVES
- 1. To unite those engaged in the yacht brokerage business for the purpose of promoting cooperation and
professionalism among its members.
- 2. To promote and maintain a high standard of conduct in the transacting of the yacht brokerage business.
- 3. To establish Chapters within the Association; these Chapters to be designated by geographic areas. The
Chapters, including origin and structure of such regional Chapters, shall be approved by the Board of
Directors.
ARTICLE lll
JURISDICTION
- The territorial jurisdiction of the Association shall include the entire State of Florida.
ARTICLE IV
MEMBERSHIP
- Section 1. The members of the Association shall consist of individuals only. There shall be two classes of
membership as follows:
- Section 2. Active Members shall consist of one owner, principal, stockholder, partner, or officer of companies
engaged in the Yacht Brokerage Profession duly licensed in the State of Florida. Active Members shall have the
right to vote on all Association business.
- Section 3. Associate Members shall consist of Independent Contractors duly licensed in the State of Florida
working in a direct sales capacity for Active Members. Associate Members shall have the right to vote on all
Association business.
- Section 4. Affiliate Members shall consist of individuals or businesses who are directly related to the yacht
brokerage industry. Affiliate members shall not be voting members nor be elected to the Board of Directors;
however, they may serve on committees. These affiliate members shall be admitted at the sole discretion of the
Board of Directors.
ARTICLE V
ELECTION TO MEMBERSHIP
- Section 1. (a) Application shall be made in writing stating the address of the applicant and endorsed by two
or more Active Members in good standing. Said application shall contain a clause bidding the applicant in case
of election, to conform to the Bylaws, Rules and Policies of this Association and shall be accompanied by the
membership fees and dues for the fiscal year and delivered to the Secretary. The Secretary will bulletin the
applicant's name to the membership at least one week prior to a meeting of the Board of Directors of this
Association. Any member who has an objection to the applicant shall notify the Board of Directors in writing.
He may then appear at the next regular meeting of the Board of Directors and state his reasons for objecting
to the applicant becoming a member.
(b) The Board of Directors, after the objections, if any are presented, must elect or reject the applicant.
Election to membership shall be by a "yes" vote by the majority of the Board of Directors.
(c) In case of failure to elect, the Secretary shall return the membership fee and dues to the applicant.
(d) In case of election to membership, the Secretary shall issue such new member a Certificate of Membership
which shall be signed by the President and/or Secretary.
- Section 2. Resignation. Any member in good standing may withdraw from membership, surrendering the Certificate
of Membership and paying all fines, dues and charges then due, if any. Such membership shall terminate as of
the date of the acceptance of the resignation by the Board of Directors. Said member may be reinstated on
payment of $30.00 within twelve months after resignation.
- Section 3. Suspension or Expulsion. For failure to abide by the Bylaws of the Association, or if it appears
from a written communication from any member or other person or persons that the conduct of a member has been
prejudicial to the Association or yacht brokerage profession, the Board of Directors, after citing said
member, with seven days notice of hearing, shall have full power to suspend for a period of not more than one
year, or expel said member, and he shall be and is expelled after being so declared. Any member suspended or
expelled shall have the right, after six months from the date of suspension or expulsion, to apply for
reinstatement. It shall be the duty of the Secretary to notify in writing each Active Member of the
Association in case of such suspension or expulsion.
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[ Article I-V | Article VI-VII | Article VIII-X | Article XI-XV ]
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