GBA Constitution

ARTICLE 7

   RESIGNATION, EXPULSION AND TERMINATION OF MEMBERS

7.1 Any Member desiring to resign from membership of the GERMAN BUSINESS ASSOCIATION must deliver written notice of its resignation to the main office address of the GERMAN BUSINESS ASSOCIATION. Every resignation notice shall be deemed to take effect on the date stated in the notice, but shall not have any retroactive effect, or if none, on the date that such notice is received by the GERMAN BUSINESS ASSOCIATION.

7.2 The Board may, by written notice, invite any Member to resign its membership of the GERMAN BUSINESS ASSOCIATION if such Member has breached these Statutes or if, in the opinion of the Board, such Member has conducted himself/herself in an unbecoming manner or allowing such Member to remain as a Member would bring discredit to the GERMAN BUSINESS ASSOCIATION.

7.3 If the Board has not received the resignation of a Member invited to resign or has not withdrawn its invitation for the Member to resign within fourteen (14) days after the date of the invitation to resign, the Board may expel that Member from the GERMAN BUSINESS ASSOCIATION by majority vote at a Board Meeting. A resolution to expel a Member shall be final and binding on that Member.

7.4 Membership will be automatically terminated on the date that a Member dies, resigns, is declared bankrupt or insolvent by a court of competent jurisdiction, is dissolved or ceases to carry on business, ceases to be eligible as a Member, is expelled under Article 7.3 above, is over fifty (50) days in arrears of payment of any fees due to the GERMAN BUSINESS ASSOCIATION or is declared by a court of competent jurisdiction to be legally or mentally incompetent.

7.5 Each Member shall on termination of its membership of the GERMAN BUSINESS ASSOCIATION for whatever reason forfeit all right to and claim upon the GERMAN BUSINESS ASSOCIATION and its property and funds and shall not be entitled to any refund of fees paid to the GERMAN BUSINESS ASSOCIATION.

More articles

Article 1: Definitions

Article 2: Offices of The German Business Association

Article 3: Objectives of The German Business Association

Article 4: Membership

Article 5: Application for and Approval of Membership

Article 6: Rights and Duties of Members

Article 7: Resignation, Expulsion and Termination of Member

Article 8: German Business Association Meetings

Article 9: Board of The German Business Association

Article 10: Funds, Property and Financial Matters

Article 11: Amendment of The Statutes

Article 12: Dissolution of The German Business Association

Article 13: Governing Law and Disputes between Members

Contact
Ms. Nguyen Ho Tong Khanh Linh
Executive Office Manager
+84 28 3823 9772, ext 114