12.01 Indemnification: To the fullest extent permitted by
law, the Chapter will indemnify and hold harmless any and all past,
present, or future Directors and Officers, as identified and defined
in these bylaws, and, in its discretion and in accordance with law,
may indemnify and hold harmless any agent or employee of this
Association of and from all liabilities, expenses, and counsel fees
reasonably incurred in connection with all claims, demands, causes
of action, and other legal proceedings to which they may be
subjected by reason of any alleged or actual action or inaction in
the performance of the duties of such Director, Officer, employee,
or agent on behalf of the Chapter.
12.02 Insurance: The Chapter will have the right to
purchase and maintain insurance to the full extent permitted by law
on behalf of all its agents, including Officers, Directors and
employees, against any liability asserted against or incurred by the
agent in such capacity arising out of the agent’s status as such.
12.03 Chapter Records. All Members and Associates who have
official correspondence, papers, tax records and records or files
(“Turnover Books”) in their possession when serving as Officers,
Directors or members of committees are the property of the Chapter
and shall be turned over to the Secretary, or a Board member
authorized by the Board, upon completion of their tenure of office.
All official correspondence, papers, records or files in the
possession of Members and Associates when serving as Officers,
Directors, or members of Chapter committees are the property of the
Chapter, and shall be turned over to the Chapter upon the
incumbents’ completion of their tenure in office, as directed by the
Board.
12.04 Chapter Funds: All funds of the Chapter shall be
deposited to the credit of the Chapter in such banks as the Board
selects.
12.05 Contributions’, Gifts Bequests: The Board may
accept, on behalf of the Chapter, any contribution, gift, bequest,
or devise for the general purpose of, or any special purpose of the
Chapter, provided that the Chapter has met the requirements of
Internal Revenue Code Section 501(a).
12.06 Corporate reports and Seal: The Board may provide for the preparation and submission to the
Members and Associates, a written annual report, including a
financial statement. Such report shall be made available for
inspection by the Members and Associates at regular Chapter
meetings, or upon written request from a Member or Associate, at
such other times and places as may be considered reasonable and
mutually convenient.
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