Bylaws of the Botanical Society of America, Incorporated*
(Adopted August, 1985)
Table of Articles
ARTICLE I. Organization and Purposes
The Botanical Society of America, Incorporated (hereinafter
called "The Society") is organized under the laws of
the state of Connecticut as a corporation without capital stock,
not for business or profit, but only for scientific and educational
purposes. The MISSION of The Society is to promote botany,
the field of basic science dealing with the study and inquiry
into the form, function, development, diversity, reproduction,
evolution, and uses of plants and their interactions within the
biosphere. To accomplish this mission, the OBJECTIVES of
The Society are to: sustain and provide improved formal and informal
education about plants; encourage basic plant research; provide
expertise, direction, and position statements concerning plants
and ecosystems; and foster communication within the professional
botanical community, and between botanists and the rest of humankind
through publications, meetings, and committees.
ARTICLE II. Membership and Dues
- Membership categories of The Society consist of (a) Active Member,
(b) Family Member, (c) Life Member, (d) Corresponding Member, (e) Retired
Member, (f) Sustaining Member, (g) Corporate Member, (h) Student Member, and
(i) K-12 Classroom Teacher Member. All members in good standing are entitled
to receive publications of The Society as stipulated below.
- (a)
- Active Member. Any person actively interested in botany may become
an Active Member of The Society by payment of the appropriate dues to
the Treasurer. Active Members receive electronic access to each issue
of the American Journal of Botany, a copy of the Plant Science
Bulletin, and upon request, the Directory, and have all other
privileges of membership.
- (b)
- Family Member. Families actively interested in botany may elect
Family Membership in The Society by payment of the appropriate dues to
the Treasurer. Family Members receive electronic access to each issue
of the American Journal of Botany, a copy of the Plant Science
Bulletin, and upon request, the Directory for the family, and
each shall have all other privileges of active membership.
- (c)
- Life Member. Any person actively interested in botany may become
a Life Member by making a single payment to the Treasurer in the amount
required for life membership. Life Members have all the privileges of
Active Members.
- (d)
- Corresponding Member. Corresponding Members are distinguished
senior scientists who have made outstanding contributions to plant science
and who live and work outside of the United States of America. The number
of such members is limited to fifty living persons. Members or Sections
submit nominations supported by credentials of proposed Corresponding
Members to the Committee on Corresponding Members which reviews these
credentials and forwards its recommendations to the Council. The Council
evaluates these proposals and presents its selected nominees to The Society
for election at an annual business meeting. Corresponding Members pay
no dues and have all the privileges of Active Members.
- (e)
- Retired Member. Any person retired from professional activities
who has been a member of The Society for at least 25 years is eligible
for one of the following categories of retired membership. 1) Retired
Member and 2) Retired Member Subscriber. A Retired Member pays appropriate
dues to the Treasurer, has all privileges of an Active Member, including
receipt of the Plant Science Bulletin and the Directory, but
does not receive the American Journal of Botany. A Retired Member
Subscriber pays appropriate dues to the Treasurer, enjoys the same privileges
as an Active Member, and, receives all publications of The Society. An
Active Member may convert to Retired Member status by informing the Treasurer
of inclusive dates of active membership and of retirement from professional
activities.
- (f)
- Sustaining Member. Any commercial organization may become a Sustaining
Member of The Society by payment of required dues to the Treasurer. A
Sustaining Member has all the privileges of an Active Member, except that
of the vote and of holding office in The Society, and is entitled to a
10% discount on advertising rates in the Journal.
- (g)
- Corporate Membership. Any commercial organization may become
a Corporate Member of The Society by payment of the required dues to the
Treasurer. A Corporate Member does not receive the American Journal of
Botany but has all the privileges on an Active Member, except that of
the vote and of holding office in The Society, and is entitled to a 10%
discount on advertising rates in the Journal.
- (h)
- Student Member. Any student may become a Student Member of The
Society by payment of the appropriate dues to the Treasurer. Student membership
may be held for a maximum of seven years. Student members receive all
publications of The Society and have all other privileges of membership.
- (i)
- K-12 Classroom Teacher Member. Any K-12 teacher actively interested
in botany and actively teaching in the classroom of K-12 grades may elect
membership in The Society by payment of the appropriate dues to the Treasurer.
Teacher members have all the privileges of an Active Member.
- At any Annual Business Meeting The Society may determine by majority vote
the amount of annual dues for each category of membership.
- Active Members, Family Members, Life Members, Corresponding Members, Retired
Members, Student Members, and K-12 Classroom Teacher Members have all the
privileges of membership, including the vote. Sustaining Members have all
privileges of membership, except the vote and the holding of office [Article
1 (f)].
- Members whose dues are in arrears for six months are suspended from The
Society and discontinued from Society rolls. Such persons may be reinstated
in good standing by payment of the appropriate dues to the Treasurer.
ARTICLE III. Officers
- The Officers of The Society are: President, President-Elect, immediate
Past President, Secretary, Treasurer, Program Director, Editor-in-Chief of
the American Journal of Botany, and Editor of the Plant Science
Bulletin. The Officers shall accept and conscientiously execute the duties
specified in these Bylaws, or that custom and tradition dictate, for each
respective office. Newly elected officers shall begin their terms of office
immediately following the annual banquet, except as outlined in Article IV.
4. Newly appointed officers shall begin their terms of office on January 1,
except as outlined in Article IV. 4.
- The President, President-Elect and Past President serve for one year. The
Secretary, Treasurer, and Program Director serve for three years. The Editor-in-Chief
of the American Journal of Botany, and Editor of the Plant Science
Bulletin, serve for five years.
- No officer of The Society receives a salary or other compensation unless
it is so voted by The Society at an annual business meeting.
- Officers entrusted with the funds or property of The Society post bond in
such sum and form as the Council of The Society determines.
ARTICLE IV. Election and Appointment of Officers
- The President-Elect, Secretary, Treasurer, and Program Director are
elected by the members of The Society according to the following procedures:
- (a)
- After the annual meeting the Past President activates the Election
Committee and serves as its chair. The term of service for the three
appointed members of this committee is three years, and the Committee
on Committees recommends one new member each year to replace the outgoing
member. The Secretary of The Society serves on the committee, ex officio.
- (b)
- Soon after its appointment, this Election Committee canvasses by mail
each voting member of The Society for nominations for offices to be filled
that year.
- (c)
- The Election Committee prepares a slate of two names for each office.
The candidates for each office shall be selected from a combination of
persons nominated by the membership at large and selected by the Election
Committee. Consent to serve, if elected, is obtained from all nominees.
An election by mail ballot is carried out by the committee at that time
each year which seems most expedient in the overall program of The Society.
The Executive Director’s office is responsible for receiving, opening,
and tallying the ballots. The candidate for each office who receives the
largest number of votes is recognized as elected to that office.
- (d)
- In the event of a tie vote, members of the Executive Committee and Election
Committee vote among themselves until they have resolved the tie vote.
The chair of the Election Committee conducts the voting.
- (e)
- Results of the election are reported by the Election Committee chair
to the President and to the Secretary of The Society. The Secretary promptly
notifies each candidate of the outcome of the election. The President
invites each officer-elect to attend the annual meeting of the Council
of The Society. Results of the elections are announced to the membership
at the annual business meeting and are published in the Plant Science
Bulletin.
- Selection of the Editor-in-Chief of the Journal is the responsibility
of the Executive Committee. To fill a vacancy in this office, the President
appoints a committee consisting of at least three members of The Society.
This committee solicits nominations for Editor-in-Chief, evaluates the candidates
and makes recommendations to the Executive Committee, who then appoint the
Editor.
- Selection of the Editor of the Plant Science Bulletin is the
responsibility of the Executive Committee. To fill a vacancy in this office,
the President appoints a committee consisting of three members of The Society
and the incumbent Editor, ex officio. This committee solicits nominations
for Editor, evaluates the candidates and makes recommendations to the Executive
Committee, who then appoint the Editor.
- Vacant elective and appointive offices are filled as follows:
- (a)
- If the office of President becomes vacant, the President-Elect becomes
President and serves out the term of the former President leaving a vacancy
in the office of President-Elect. Whenever the office of President-Elect
is vacant, during the next regular election both a President and President-Elect
are elected, and the succession of President-Elect to President is reestablished.
- (b)
- If both offices of President and President-Elect become vacant simultaneously,
the Secretary immediately calls for a Special Election by reactivating
the most recent Election Committee to nominate both a President and President-Elect.
The successful candidates for election assume office immediately and serve
the unexpired terms of the vacated posts plus the next full term of office.
For the second annual banquet, the President-Elect, having already presented
one banquet address, is relieved of that duty and the Executive Committee
of the Council arranges for an alternative event as appropriate.
- (c)
- If any other elective office becomes vacant, the Executive Committee
of the Council designates a successor to fill the unexpired term.
- (d)
- Mid-term vacancies in the appointive positions of Editor-in-Chief of
the American Journal of Botany, or Editor of Plant Science Bulletin
are filled by the appointment procedures set forth in the preceding
sections (Article IV. 2, 3, 4).
ARTICLE V. Duties of Elected Officers
- President. The President, as chief executive officer of The Society,
exercises the general supervision and management of The Society, and represents
it as the occasion arises. The President presides at the annual business meeting,
at meetings of the Council and of the Executive Committee and at the annual
banquet. The President performs such other duties and has such other responsibilities
as are prescribed in these Bylaws and as may from time to time be assigned
by the Executive Committee, Council, and the membership.
- President-Elect. The President-Elect performs any duties assigned
by the President as well as chairing the Committee on Committees. In addition,
at the annual meeting in the year before he/she assumes the presidency, the
President-Elect delivers to the membership assembled at the annual banquet
a botanically-oriented address. If unusual circumstances prevail, the President-Elect
and the President, in consultation with the Executive Committee, may arrange
for an appropriate alternative event. (See also Article IV. 4 of these Bylaws.)
- Past President. The immediate Past President performs any duties
assigned by the President as well as chairing the Election Committee and the
Corresponding Member Committee.
- Secretary. The Secretary maintains correspondence of The Society,
keeps and reports minutes of Council and annual business meetings, prepares
agenda for Council and annual business meetings, acts as secretary of the
Election Committee, and prepares materials for awards and citations.
- Treasurer. The Treasurer pays all expenses of The Society not related
to publications, maintains financial records and provides periodic summaries,
prepares and submits tax statements, and prepares an annual report including
finances of the past fiscal year and proposed budget for the current year.
- Program Director: The Program Director arranges the scientific program,
social events, and business and council meetings of The Society at the annual
meeting. The annual meeting program is planned cooperatively with the Sections
of The Society and is coordinated with the programs of other societies meeting
with The Society. The Program Director also issues the call for papers, symposia,
and workshops; arranges and submits for publication accepted abstracts, and
prepares the final program for the annual meeting of The Society.
ARTICLE VI. Duties of Appointed Officers
- Editor-in-Chief, American Journal of Botany. The Editor-in-Chief
of the American Journal of Botany is responsible for its publication
in accordance with editorial policies established by the Botanical Society
of America, the Editorial Committee of the Journal, and Journal
tradition. This responsibility includes the processing of manuscripts,
overseeing their professional review, preparation of issues, and adherence
to a timely publication schedule.
- Editor, Plant Science Bulletin. The Editor of the Plant
Science Bulletin is responsible for the editorial policies and for the
timely publication of the issues of the Bulletin. In consultation with
the Editorial Committee of the Bulletin, the Editor publishes news
and other items that are deemed of interest to The Society's members.
ARTICLE VII. Council
- The Council consists of the President, President-Elect, immediate Past President,
Secretary, Treasurer, Program Director, Editor-in-Chief of the American Journal
of Botany, Editor of the Plant Science Bulletin, Executive Director, one elected
representative from each Section and chair of each of the general committees
(Article X, 4). Each Section representative shall be elected for a three-year
term and that representative may be a section officer or a section member
at-large.
- The Council is the managing board of The Society and transacts the business
of The Society except as otherwise provided in these Bylaws. The Council establishes
the date and place of the annual meeting, arranges the program for the meeting,
and reports to the annual business meeting through the President.
- The Council may establish standing committees when necessary or abolish
them as appropriate.
- The Council authorizes the publication of the following: revisions of the
Bylaws of The Society and the Sections; minutes of the annual business meetings,
including reports of the Treasurer and the Executive Director; American
Journal of Botany, Plant Science Bulletin, a Directory of society
members, a Careers in Botany booklet; Guide to Graduate Studies
in Botany; and other official publications.
ARTICLE VIII. Sections
- The Society is divided into interest groups called Sections. Formation
of a section is authorized by the Council when appropriate. Any member of
The Society may join one or more Sections by notifying the Treasurer of The
Society and meeting any financial or other obligations which may be imposed
by the Section or Sections under the authority granted by this Article. Persons
who are not members of The Society are not accorded full privileges of membership
in the Sections. The Sections, at their discretion, may accord to such persons
some form of associate status, but such associates are not eligible to hold
office in any Section until they become members of The Society.
- Each Section provides for the election or appointment of such officers and
committees as it finds necessary.
- Each Section formulates Bylaws for its own governance which are not inconsistent
with the organization and purposes (Article 1) or Bylaws of The Society and
which are approved by the Council. Such Bylaws are published along with the
Bylaws of The Society.
- Subject to approval by the Council, each Section may levy dues or otherwise
collect funds which then are under its control. The collection and use of
such funds shall not conflict with any provision of the organization and purposes
(Article 1) or Bylaws of The Society, nor endanger the non-profit status of
The Society.
- Subject to Council approval, any Section(s), the majority of whose members
so desire, may engage in any professional botanical activity, including publication,
which does not conflict with the organization and purposes (Article 1) or
Bylaws of The Society.
- The Council may, but is not obligated to, appropriate funds from the treasury
of The Society to help meet incidental expenses of the Sections. Such funds
are provided by the Treasurer of The Society.
- The Council may dissolve any Section that becomes inactive, or for sufficient
reason. In addition, Sections may be dissolved at any time with the consent
of a majority of members of that Section.
ARTICLE IX. Publications
- The Journal. The American Journal of Botany is published
regularly to disseminate the results of botanical research in all areas of
interest to Society members. Editorial policy is established by an Editorial
Board of the American Journal of Botany. The Board consists of the
Editor-in-Chief, several Associate Editors selected by the Editor-in-Chief
with the advice and consent of the Executive Committee, and the Secretary
of The Society ex officio. The Associate Editors are selected to provide expertise
in the various disciplines represented by articles appearing in the Journal
and serve five-year terms coincident with the term of the Editor-in-Chief
or at the convenience of all parties. Replacements to the Board are nominated
and approved as needed.
- The Plant Science Bulletin. The Plant Science Bulletin
is published regularly to communicate news of Society activities, is a medium
of publication for any committee, and includes other items of interest to
the membership that are not published by the Journal. Editorial policy
is maintained by an Editorial Committee consisting of the Editor and five
members appointed by the President in consultation with the incumbent Editor.
The period of service is five years with staggered terms. If a Committee member
resigns, the President, in consultation with the Editor, appoints a replacement
to serve out the term. No committee member is appointed for two consecutive
full terms.
- Other Publications. The Council may authorize other publications
from time to time as need arises, including:
- (a)
- Careers in Botany,
- (b)
- Guide to Graduate Study in Botany,
- (c)
- Directory of members.
ARTICLE X. Committees
- Executive Committee. The President, President-Elect, immediate Past
President, Secretary, Treasurer, Program Director, Executive Director ex officio
and one Council member elected by the Council for a two-year term constitute
the Executive Committee. The Executive Committee acts on all interim matters
that arise between regular annual meetings of the Society, and in such matters
specifically assigned to it in these Bylaws: Article IV. l(d), 2, 3, 4; Article
IX. 1; Article X 4(a), Article XV.
- Committee on Committees: consisting of the President-Elect as chair,
the Secretary of The Society, ex officio, and six members, each serving three-year
terms, two being appointed each year by this committee. The committee shall
be responsible for the structural and functional aspects of The Society standing
and temporary committees. It shall recommend names to the President-Elect
for staffing yearly and unanticipated vacancies on these committees, giving
consideration to: (1) balanced representation; (2) the number of committees
and duties which a potential nominee is serving; (3) the principle of rotation
of committee assignments; and (4) the responses from the membership to a periodic
survey of member interests in and qualifications for service on a committee.
- Financial Advisory Committee: consisting of the President and Treasurer
as ex officio members and three members appointed by the Executive Committee
and serving staggered three year terms. The Chair of the committee is appointed
by the Executive Committee. The committee oversees the management and investment
of the Society's funds and makes suitable recommendations to the Executive
Committee.
- General committees. The President annually appoints the following
standing general committees from among the members of The Society: Annual
Meeting Program, Archives and History, Conservation, Education, Election,
Membership and Appraisal, Publications, and Webpage.
- (a)
- Annual Meeting Program Committee: consisting of the Program Director
as Chair, the Meetings Manager ex officio, the Program Organizer for each
section, the chair of the local organizing committee, and a representative
from each participating society. This committee is charged with arranging
the scientific program on behalf of the society (Article V, 6).
- (b)
- Archives and History Committee: consisting of the immediate Past-Secretary
as chair and one or two other members appointed to five-year terms by
the President after consultation with the chair of the Historical Section.
This committee ensures that such records of The Society as are of historical
or archival interest are collected and organized in an orderly manner
and deposited in an archival institution (currently the Library of the
University of Texas at Austin) which will guarantee to curate and preserve
the materials and make them available to The Society and qualified scholars.
- (c)
- Conservation Committee: consisting of a chair appointed by the
President and five other members each serving three-year terms with two
new members being appointed each year. This committee accumulates information
on environmental problems, disseminates such information to the membership
at it discretion, and brings matters of significance to the attention
of the Council.
- (d)
- Education Committee: consisting of a chair appointed by the President
and five other members all serving three-year terms with two new members
being appointed each year. The President, Secretary, Secretary of the
Teaching Section, Editor of the Plant Science Bulletin, and the immediate
past chair of the Education Committee are members, ex officio, of this
committee. This committee advises the President and the Council on policies
and programs of The Society pertaining to teaching, training, and professional
education in the plant sciences.
- (e)
- Election Committee: consisting of the immediate Past President
as chair, the Secretary of the Society, ex officio, and three members
appointed by the President as specified in Article IV, l(a) of these Bylaws.
- (f)
- Membership and Appraisal Committee: consisting of the Treasurer,
Executive Director, ex officio, a chair and four other members appointed
by the President for five-year terms, with one member appointed each year.
This committee advises the President and the Council on policy matters
pertaining to membership, to the effectiveness of Society organization
and programming, and to professionalism among botanists.
- (g)
- Publications Committee: Consisting of a chair and 5 other members
each serving 3 year terms with the American Journal of Botany editor,
Plant Science Bulletin editor, Webmaster and Executive Director as ex-officio.
This committee considers management issues of the American Journal of
Botany, Plant Science Bulletin & webpage and ensures that the objectives
and future directions of the American Journal of Botany, Plant Science
Bulletin & the webpage are integrated and that they are coordinated with
the goals of the Society. This committee will also be responsible for
coordinating special publications.
- (h)
- Webpage Committee: Consisting of a Webmaster, as chair, the Chair
of the Education Committee, the Executive Director ex officio and five
other members appointed by the President, all serving three-year terms
with two new members being appointed each year. The Secretary, Editor
of the American Journal of Botany and Editor of the Plant Science Bulletin
are members ex officio, of this committee. This committee maintains The
Society's Webpage and advises the President and the Council on policies
and changes necessary for effective internet communications.
- Award committees. The President annually appoints the following standing
award committees from among the members of The Society: Corresponding Members,
Merit Awards, Darbaker Prize, Esau Award, Karling Graduate Student Research
Awards, Moseley Award, and Pelton Award.
- (a)
- Corresponding Members Committee: consisting of the immediate
Past President as chair and the two preceding Past Presidents. This committee
makes recommendations to the Council in accordance with Article II, 1(d).
- (b)
- Merit Awards: consisting of a chair appointed by the President
and two other members each serving three-year terms with one new member
being appointed each year. The President of The Society is ex officio
a member of the committee. Each year the committee solicits nominations,
evaluates candidates, and selects one or more persons judged to have made
outstanding contributions to botanical science. The committee prepares
a short citation for each awardee, and informs the Secretary of The Society
of its selection(s) at least one month in advance of the meeting during
which the awards are to be presented.
- (c)
- Darbaker Prize: consisting of a chair, who is the senior appointed
member, and two other members each serving three-year terms with one new
member being appointed by the President each year. The committee selects
a recipient, prepares a short citation, and informs the Secretary of The
Society at least one month in advance of the meeting during which the
award is to be presented. The prize is for meritorious work in the study
of microscopic algae, is limited to residents of North America, and is
based only on papers published in the English language.
- (d)
- Esau Award: consisting of a chair appointed by the President
and two members, chosen by the President in consultation with the Developmental
and Structural Section chair, each serving three-year terms with one new
member being appointed each year. The prize is awarded to a student who
is the sole or senior author of a paper presented in the Developmental
and Structural Section session of the annual meeting.
- (e)
- BSA Graduate Student Research Awards Committee(including the J. S.
Karling Award) : consisting of a chair appointed by the President
and five additional members , each serving a three year term. Members
should be drawn from different sections of The Society. The committee
solicits proposals from student members for research awards. Awards are
made to the most deserving applicants, based on merit of the proposal.
The number and value of the award varies from year to year.
- (f)
- Moseley Award Committee: consisting of a chair appointed by the
President and two other members, chosen by the President in consultation
with the Developmental and Structural Section and Paleobotanical Section
chairs, each serving three year terms with one new member being appointed
each year. The prize is awarded to a student who is the sole or senior
author of a paper orally presented in the Development and Structural Section
or Paleobotanical Section of the annual meeting that best advances our
understanding or the plant anatomy and/or morphology of vascular plants
within an evolutionary context.
- (g)
- Pelton Award: consisting of a chair appointed by the President
and two other members, each serving three-year terms with one new member
being appointed each year. The award honors the memory of Jeanette Siron
Pelton. When the Conservation and Research Foundation (Connecticut College,
New London) informs The Society that the award is to be given, the committee
seeks nominations from members of The Society and other interested individuals,
selects the recipient, prepares a short citation, and informs the Secretary
of The Society at least six months in advance of the meeting during which
the award is to be presented. The award, including $1,000 prize, travel
expense stipend, and certificate is given to junior investigators exhibiting
exceptional promise or to senior investigators for sustained excellence
in the field of plant morphogenesis. The particular subdiscipline of the
nominee's research may be organismal biology, cell biology and/or molecular
biology. It is anticipated that the awardee will give a special lecture
at the annual meeting of The Society.
ARTICLE XI. Annual Business Meeting
- The Council determines the time and place of the annual business meeting.
The annual business meeting is conducted according to Robert's Rules of
Order.
- The Secretary notifies each member of The Society by e-mail and posting
on the website of the time and place of the annual meeting not less than thirty
days nor more than fifty days prior thereto.
- At each annual business meeting the Secretary, Treasurer, Editor-in-Chief
of the American Journal of Botany, and Editor of Plant Science Bulletin
present their annual reports.
- A quorum for any business meeting of The Society consists of not less than
twenty-five (25) members entitled to vote.
ARTICLE XII. Fiscal Year
The fiscal year of The Society begins on October 1st and ends on September
30th.
ARTICLE XIII. Amendments
These Bylaws may be amended at any time by ballot, received by mail,
or fax, with the approval of three-fourths of those voting. All changes in the
Bylaws will be reported at the next annual meeting and either published in the
Plant Science Bulletin or promulgated separately to the membership.
ARTICLE XIV. General Prohibitions
Any provisions of these Bylaws which might be susceptible to a contrary
construction notwithstanding:
- The Society is organized and operated exclusively for scientific and educational
purposes.
- No part of the assets of The Society shall, or may, under any circumstances,
inure to the private benefit of any member, officer, or individual except
as reasonable compensation for services or reimbursement for approved personal
expenditures on behalf of The Society [6(b), below].
- Whereas The Society exists for scientific and educational purposes, it
may engage in efforts intended better to inform the public on issues pertaining
to plant science and the influences of plants on people as an element in
the biosphere. The Society, nevertheless, shall not allow any part of its
activities to become those of lobbying or espousing particular political
or religious doctrines or dogmas.
- The Society shall not participate in, or intervene in (including the publishing
or distributing of statements), any political campaign on behalf of a candidate
for public office.
- The Society shall not be organized or operated for profit.
- The Society shall not:
- (a)
- lend any part of its income or corpus without the receipt of adequate security and a reasonable rate of interest to any member, officer, member of the Council, or substantial contributor to The Society;
- (b)
- pay any compensation in excess of a reasonable allowance for salaries
or other remuneration for personal services actually rendered to any member, officer, member of the Council, or substantial contributor to The Society;
- (c)
- make any part of its services available on a preferential basis to any member, officer, member of the Council, or substantial contributor to The Society;
- (d)
- make any purchase of securities or any other property for more than
adequate consideration in money's worth from any member, officer, member of the Council, or substantial contributor to The Society;
- (e)
- sell any securities or other property for less than adequate consideration
in money or money's worth to any member, officer, member of the Council, or substantial contributor to The Society; or
- (f)
- engage in any other transactions which result in a substantial diversion
of its income or corpus to any member, officer, member of the Council,
or substantial contributor to The Society.
The prohibitions contained in this section (6) do not mean to imply that
The Society may make such loans, payments, sales, or purchases from or to
anyone else, unless such authority be given or implied by other provisions
of these Bylaws.
ARTICLE XV. Distribution on Dissolution
Upon dissolution of The Society, the Executive Committee shall distribute
the assets and accrued income to one or more scientific and educational organizations
as the committee determines and as prescribed and limited in Article XIV of
these Bylaws.
*Bold type is unique to the Web version
and is provided principally for aesthetics and emphasis. Incorporates changes
in the bylaws up to October, 2006.
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