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| PART A. |
MEMBERSHIP, NOTICES AND MEETINGS |
| Section 1. |
There shall be three (3) classes of membership: Regular, Associate and Honorary Life. The qualifications and voting privileges of each class are as follows:
| (A) |
Regular Membership:
| (1) |
An individual of full age of majority engaged in the breeding of thoroughbred horses who owns at least one thoroughbred breeding horse domiciled in Louisiana or whose interest in multiple breeding horses domiciled in Louisiana totals one hundred percent (100%). Such members shall have one vote only. |
| (2) |
A legal entity, (Corporation, Partnership, LLC, LLP, Estate, Farm, other than an individual, which owns at least one thoroughbred breeding horse domiciled in Louisiana or whose interest in multiple breeding horses domiciled in Louisiana totals one hundred (100%) percent. Such entity, regardless of the number of owners, shall have only one vote. The entity shall furnish the LTBA with the name of the voting representative. This voting representative shall only vote as a representative of the entity and may not also vote as a regular member. |
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| (B) |
Associate Membership:
Persons not eligible for membership under A above are eligible to be associate members with no rights to vote. |
| (C) |
Honorary Life Membership:
A membership bestowed on an individual or legal entity by the Board of Directors or the membership of the LTBA because of their contribution of time, talent and service which has been of great value to the LTBA. The Honorary Life Member shall pay no dues but shall have the right to vote, provided he or she meets the qualifications for Regular Membership. |
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| Section 2. |
An eligible person and/or entity must apply for membership in the appropriate class and, be approved by a majority vote of the Board of Directors. Upon such approval and the LTBA certifying that the current membership dues have been paid, membership shall be awarded. The dues shall be refunded if the application is not approved. |
| Section 3. |
Only a Regular Member and Honorary Member shall be entitled to vote, subject to the voting rules. An Associate Member is not entitled to vote. |
| Section 4. |
Upon the filing of a written complaint about any member on the LTBA complaint form, an investigation will be performed by the LTBA, after which the member complained of shall be given reasonable notice of the complaint and an opportunity to be heard. The Board of Directors, after the hearing, upon 75% vote of the directors present, may take any action against the member deemed appropriate to protect the interests of this Association, including the sanctions of expulsion from, termination of, or suspension of membership. |
| Section 5. |
The Board of Directors shall establish the amount of dues and the dates by which the dues and any accompanying delinquency fees must be paid. |
| Section 6. |
No person shall be entitled to vote, at any meeting including the Annual Membership Meeting, unless the dues and delinquent fees, if any, have been paid in full note less than sixty (60) days prior to such vote and/or meeting. |
| Section 7. |
The membership year is July 1st through June 30th of the following year. Membership in this Association is not transferable or assignable. |
| Section 8. |
Any member who is (1) convicted of a criminal offense which would be a felony under the laws of the United States of America or of the State of Louisiana and is not pardoned or has not completed probation or parole supervision, (2) convicted of a criminal offense which would be a misdemeanor under the laws of the State of Louisiana, which offense is related to the sport of racing or to the business of breeding, and is not pardoned or has not completed probation or parole supervision or (3) under a final order of the Louisiana State Racing Commission suspending or terminating any racing privilege or right in this State, the Board of Directors may terminate the membership of a member of this association by a 2/3 majority vote of the Board of Directors. Upon such termination, the member of this Association shall not have initiation or application fees returned or dues returned. |
| Section 9. |
There shall be an annual meeting of the members held 30 days after written notice by mail of this date, time and place of the meeting, which shall have been determined by a majority vote of the Board of Directors. |
| Section 10. |
Special meetings of the members may be called by the President, by the Board or Directors, or by 20% of the members in good standing, which meetings shall be held at the offices of this Association (unless the Board of Directors designates otherwise). The members shall be given 30 days written notice by mail of the date, time, place and purpose(s) of the meeting. |
| Section 11. |
The depositing of written notice, postage prepaid, in the U.S. mail, addressed to the member at his address as it appears on the records of this Association constitutes written notice. |
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