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ARTICLE VIII: Membership Fees & Dues

Section 1     The membership fees and dues for regular members are as follows:

MEMBERSHIP FEE = Php 15,000.00

ANNUAL DUES = Php 8,000.00

Section 2     The membership fees and dues for associate members are as follows:

MEMBERSHIP FEE = Php 5,000.00

ANNUAL DUES = Php 5,000.00

Section 3     The membership fees and dues for the provincial chapters are as follows:

MEMBERSHIP FEE = Php 10,000.00/Chapter

ANNUAL DUES = Php 10,000.00/Chapter

NOTE: Individual members of the provincial chapter must pay their respective membership fee and annual dues directly to their own provincial chapters.

Section 4     Affiliate members are exempt from paying membership and annual dues.

Section 5     Annual dues shall be payable on or before every 31st day of January of the current year, without need for demand. A penalty of 1.5% per month shall be levied on the next succeeding two months of delay and 2% per month on the third to the sixth month.

Section 6     The Board may, from time to time, impose special assessments as may be deemed necessary.

 

APPROVED AND RATIFIED BY THE GENERAL MEMBERSHIP
THIRD GENERAL MEMBERSHIP MEETING FOR 2006
31 March 2006, Friday, 5:00 p.m.
Export Bank Conference Center, Makati City

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