ieca BYLAWS

Summary of the By-Laws of the International Energy Credit Association.

1. Article I - Name
   Provides that the Association is a non-profit corporation.

2. Article II - Purpose
   Describes the general purpose of the Association.

3. Article III - Membership
   Provides for three types of membership classes: Regular Members who shall have voting rights and the right to hold office; Allied Members who shall have voting rights and have the right to serve as an Allied Director; and Honorary Lifetime Members.

4. Article IV - Meetings of Members
   Provides for annual and special meetings of the membership, and aspects relating to the calling and running of the meetings.

5. Article V - Dues and Assessments
   Provides for dues as set by the Board off Directors

6. Article VI - Board of Directors
   Provides for the Board of Directors to consist of twelve (12) members elected by the Regular Members, the immediate Past President, and the following Officers who shall be elected by the Board of Directors: President, First Vice President, three Vice Presidents, and Secretary-Treasurer. In addition, up to two Directors can be elected from the Allied Membership and two Past Presidents can participate as a member of the Board of Directors. The Article also provides the term of office for members of the Board of Directors, petition for election and the filling of vacancies.

7. Article VII - Officers
   Provides for a President, First Vice President, three (3) Vice Presidents and a Secretary-Treasurer. The roles and responsibilities of each Officer is outline within the Article.

8. Article VIII - Executive Director
   Provides for the appointment of an Executive Director by the Board of Directors.

9. Article IX - Executive Vice President
   Provides for the appointment of an Executive Vice President by the Board of Directors.

10. Article X - Independent Auditor
    Provides for the appointment of a qualified Auditor by the Board of Directors.

11. Article XI - Committees
    The Board of Directors may appoint committees of its members.

12. Article XII - Operations
    There shall be no compensation to any member for services to the Association.

13. Article XIII - Credit Education and Interchange Groups
    There shall be the following credit groups: Canadian, Commercial, Crude Oil and Refined Products, European, Gas Liquids and Electricity and Retail Credit Card.

14. Article XIV - Rules
    Provides for the Association to be governed by parliamentary law in accordance with provisions of Robert's Rules of Order, except as otherwise provided in these By-Laws.

15. Article XV - Amendment
    Provides for amendments to be approved by a two-thirds (2/3) vote of the Board of Directors.

Download By-Laws in full here.