PMI Coastal Bend Chapter

ARTICLE XIII DISSOLUTION

ARTICLE XIII DISSOLUTION

Section 1      In the event that the PMI Coastal Bend Chapter, Inc or its governing officers failed to act according to these bylaws, its policies or all PMI® policies, procedures, and rules outlined in the charter agreement, PMI® has a right to revoke the PMI Coastal Bend Chapter, Inc Charter and require the chapter to seek dissolution. 

Section 2      In the event the PMI Coastal Bend Chapter, Inc failed to deliver value to its members as outlined in PMI Coastal Bend Chapter, Inc’s business plan and without mitigated circumstance, the Chapter acknowledges that PMI® has a right to revoke the PMI Coastal Bend Chapter, Inc Charter and require the chapter to seek dissolution. 

Section 3      In the event the PMI Coastal Bend Chapter, Inc is considering dissolving, the PMI Coastal Bend Chapter, Inc’s members of the Board of Director must notify PMI® in writing and follow the Chapter dissolution procedure as defined in PMI’s policy.

Section 4      Should the PMI Coastal Bend Chapter, Inc dissolve for any reason, its assets shall be dispersed to an organization designated by the voting membership after the payment of just, reasonable and supported debts, consistent with applicable legal requirements.

Section 5      Unless superseded by law, dissolution of the Chapter entity must be approved by a majority of the members voting on the motion to dissolve.

 

These Revised Bylaws were adopted by the Board of the Project Management Institute, Coastal Bend Chapter, Inc., on the 7th day of February, 2015.

 

President                                                                      Vice-President Communications

Patricia Philipps, PMP                               Roger Borlinghaus, PMP

PATRICIA PHILIPPS, PMP                                           ROGER BORLINGHAUS, PMP