PMA - Governing Constitution

Research - PMA

Preamble This Constitution establishes La Finka’s Private Membership Association, herein referred to as the "Association," dedicated to advancing private collaboration in creativity, sustainability, and technological innovation, pursuant to the mission of La Finka.

Article I: Name
The name of this Association shall be "La Finka’s Private Membership Association."

Article II: Purpose
The purpose of the Association is to foster a private community dedicated to the pursuit of sustainable and innovative solutions in alignment with the overarching goals of La Finka, as described in the mission statement. This Association shall operate exclusively for educational and charitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.

ALT Purpose: The purpose of this Private Membership Association is to provide a collaborative and private environment for the advancement of creativity, sustainability, and technological innovation, supporting the broader mission of La Finka to cultivate a thriving community engaged in pioneering sustainable solutions.

Article III: Membership

  1. Eligibility: Membership is open to individuals who are committed to the mission of La Finka and who agree to abide by the rules and regulations of the PMA, as well as its purpose and scope as outlined in the founding documents.
  2. Admission: Potential members must apply in writing and be approved by a majority vote of the existing membership committee. Each application should be accompanied by a statement of intent and a non-refundable application fee as set by the board.
  3. Rights and Responsibilities: Members have the right to participate in all PMA activities, access PMA resources, and vote in PMA elections. Members are responsible for adhering to all PMA policies and contributing to its activities and maintenance.
  4. Dues: Members must pay annual dues, the amount of which shall be determined by the board and subject to change. Dues are due at the beginning of each membership year.
  5. Termination of Membership: Membership may be terminated by voluntary resignation, nonpayment of dues, or by expulsion for cause by a two-thirds vote of the board after the member has been given the opportunity to be heard.

Article IV: Governance

  1. Board of Directors: The Association shall be governed by a Board of Directors. The Board shall have authority over the affairs and property of the Association and shall have the power to adopt rules and regulations governing the action of the Association.
  2. Composition and Term: The Board shall consist of no fewer than three (3) and no more than seven (7) directors. Each director shall serve a term of two (2) years and may be re-elected.
  3. Elections: Directors are elected by the membership at the annual meeting. Each director serves for a term of two years.
  4. Meetings: The Board shall meet at least quarterly, with additional meetings as required to conduct the Association’s business, upon reasonable notice to each director.
  5. Quorum and Voting: A majority of the Board shall constitute a quorum for the transaction of business. Decisions shall be made by a majority vote of those present at a meeting at which a quorum is in attendance.

Article V: Officers

  1. Officers: The officers of the Association shall be a President, Vice-President, Secretary, and Treasurer, elected by the Board of Directors from among its members.
  2. Duties: Officers shall perform duties as specified in the bylaws, and as further defined by the Board of Directors.

Article VI: Committees
The board may create committees as needed, such as fundraising, housing, public relations, data collection, etc. The Board appoints all committee chairs.

Article VII: Meetings
The Association shall hold an annual meeting of the members and may hold additional meetings as determined necessary by the Board of Directors, with adequate notice provided to all members.

Article VIII: Amendments
This Constitution may be amended by a two-thirds vote of the Board of Directors, provided that such amendment shall not affect the qualification of the Association as a 501(c)(3) entity under the Internal Revenue Code.

Article VII: Confidentiality and Privacy
All members are obligated to maintain the confidentiality of sensitive information pertaining to the Association and its activities including member information and any proprietary information shared within the association.