AMENDED AND RESTATED BY-LAWS
CHINESE FINANCE ASSOCIATION OF AMERICA
An Illinois Not For Profit Corporation
(as Amended June 15, 2009)
ARTICLE III – Members
Section 1. Membership and Eligibility. Membership in the Corporation shall be open to all professionals and academia of Finance, Accounting, Economics and other related fields who are interested in the finance industry of Greater China.
Section 2. Voting by Members. The Board of Directors may from time to time refer to the members questions relating to the activities or programs of the Corporation for advice by the members. Each member shall be entitled to cast one vote or by proxy, on each question submitted for advice by the members.
Section 3. Election of Members. Members shall be elected by resolution of the Board of Directors.
Section 4. Meetings of Members. Meetings of members shall be held at least once a year at such times and places and upon such notice as shall be provided by resolution of the Board of Directors. At any meeting of members, one-third of the members present by Representative or by proxy shall constitute a quorum.
Section 5. Termination of Membership. The membership of any member may be terminated by the Board of Directors for the member’s failure to regularly attend meetings of members, for the member’s failure to contribute annually to the financial support of the Corporation, or for any other reason stated in the resolution terminating such membership.
Section 6. Resignation of Member. Any member may resign at any time by filing a written resignation with the Corporation.
Section 7. Nontransferability of Membership. Membership in the Corporation is not transferable or assignable.