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ARTICLE 4

ORGANIZATION

Section 4-1

The Association shall function nationally and internationally. It may extend the privileges of membership to any individual actively involved in the profession of real property appraisal or any other related profession or activity.

 

Section 4-2

The elected Officers of the Association shall be a President, a Vice President, a Secretary, and Treasurer.

At the discretion of the President, the positions of Secretary and Treasurer can be combined and considered as one position with one Director responsible for both positions, to then be called Secretary/Treasurer.

Section 4-3

The Association shall have a Board of Directors consisting of the Immediate Past President, and a maximum of seven (7) elected members of the Association. These members of the Board of Directors shall include a President, Vice President, a Secretary, a Treasurer, and up to three (3) National Directors.  All Directors shall have a one (1) year term. The President shall have a two (2) year term.

The Board of Directors may also have a maximum of three (3), non voting, appointed members who shall be appointed by the President and approved by majority vote of the elected members of the Board of Directors, on an annual basis. Appointed Directors must be members in good standing of the Association.

Section 4-4

A quorum for the Board of Directors shall be a minimum of five (5) elected Directors.

Elected Directors must be designated appraiser members of the Association, must be members in good standing, must be individuals, must be a minimum of 18 years of age with power under law to contract.

The elected directors must be an active independent fee appraiser member.

Retired designated members may serve on the Board of Directors if they have been properly elected in accordance with these Bylaws.

The elected members of the Board of Directors shall be nominated and elected by the voting members of the Association each year at the Annual General Meeting of the Association.

The Board of Directors of the Association shall perform the duties prescribed by these Bylaws.

Any Director may, at any time, be removed from the Board, by a majority vote of the entire Board. The Board shall be the final authority on the interpretation or intent of the Bylaws of the Association.

Section 4-5

The President of CNAREA shall be elected at an Annual General Meeting of the Association. Only a duly elected, present member of the current Board of Directors is eligible to become President.  The other Officers of the Association shall be appointed by the President and a majority vote of the elected Directors, at the first meeting of the Board of Directors following the Annual General Meeting of the Association.

Section 4-6

The President of the Association shall hold office for two (2) years following from the date of his or her election. The Vice President, Treasurer, and Secretary shall hold office for one year (1) following from the date of their election and appointment, or until the election and appointment  of their successors in their stead.

Section 4-7

The Chief Executive Officer of the Association shall be appointed by the President. The Chief  Executive Officer must be an appraiser member in good standing of the Association.

Section 4-7(a)

The Executive Director of the Association shall be appointed by the President and the Chief Executive Officer.

Section 4-8

The Chief Executive Officer, and either the President or the Treasurer, shall have signing authority for all financial matters of the Association, except concerning issues involving the management of the real property of the Association.

Section 4-9

The real property and business of the Association shall be managed by the Chief Executive Officer.  The Chief Executive Officer individually, has the signing authority to borrow money, on behalf of, the Association for the continued operation of the Association.  No authorization or a special resolution is necessary for the Association to borrow or repay money.

Section 4-10

The President of the Association shall appoint annually the following standing committees and the Chairperson of each of these committees:

  • Membership and Admissions Committee
  • Bylaws Committee
  • Ethics, Professional Standards, and Discipline Committee
  • Education Committee
  • Nominating Committee
  • Fiscal Policy and Budget Committee
  • Long Range Planning Committee

The President shall create other Standing Committees as deemed necessary for the continued operation of the Association.

Section 4-11

Chapters of the Association may be organized in any geographical location, subject to approval by both the Chief Executive Officer and by a majority vote of the entire Board of Directors. A group of a minimum of  3 designated appraiser members may apply to the Chief Executive Officer for the formation of a chapter. They should first elect a president pro-tem who shall:

  1. request from the Chief Executive Officer, a chapter charter application form
  2. upon receipt of this, have the form completed by the applicants
  3. return the charter application form to the Chief Executive Officer

All chapter application forms must be considered for approval and acted upon by the Board of Directors within forty (40) days from the time that the application is received.

The chapter in formation shall hold an election meeting to elect a president elect, a vice president elect, and a secretary/treasurer elect. These Officers will transact such business as may come before the chapter in formation until the initial official meeting of the chapter, once approved by the Board of Directors.

Within forty (40) days upon receipt of the approved chapter charter, the new chapter shall hold a meeting and the officers elect will assume their respective positions.

Section 4-12

Chapters shall hold elections for at least the offices of President, Vice President, and Secretary/Treasurer once per year on or before June lst of each year and the said elected Officers shall take office immediately after their election.

Section 4-13

Each chapter and its members must abide by the Bylaws of the Association and cannot conduct any business whatsoever without the written approval of the Chief Executive Officer.

Section 4-14

Officers of a Chapter must be designated appraiser members, in good standing, of the Association.

Section 4-15

A Chapter charter may be removed for due cause, at any time, by a majority vote of the entire Board of Directors.

 

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