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Bylaws

AAICU By-Laws

AMENDED AND RESTATED BYLAWS OF ASSOCIATION OF AMERICAN INTERNATIONAL COLLEGES AND UNIVERSITIES, INC.

A Massachusetts Nonprofit Corporation
Adopted April 25, 2015

ARTICLE I

INTRODUCTORY

Section 1.1 Name.
Section 1.2 Statement of Purposes.
Section 1.3 Offices.
Section 1.4 Fiscal Year.
Section 1.5 Governing Law.

ARTICLE II

MEMBERS

Section 2.1 Classes and Admission
Section 2.2 Membership Fees and Dues
Section 2.4 Meetings of the Members.
Section 2.5 Notice.
Section 2.6 Waiver of Notice.
Section 2.7 Quorum and Action of Members.
Section 2.8 Consents
Section 2.9 Meeting Attendance.
Section 2.10 Termination.
Section 2.11 Transfer of Membership
Section 2.12 Liability of Members.

ARTICLE III

BOARD OF DIRECTORS

Section 3.1 Authority.
Section 3.2 Composition of the Board
Section 3.3 Removal of Directors
Section 3.4 Meetings.
Section 3.5 Quorum; Acts of the Board.
Section 3.6 Voting.
Section 3.7 Notices.
Section 3.8 Waiver of Notice.
Section 3.9 Consents.
Section 3.10 Compensation.

ARTICLE IV

OFFICERS

Section 4.1 Enumeration.
Section 4.2 Term of Office.
Section 4.3 Election.
Section 4.4 Vacancies
Section 4.5 Resignation and Removal of Officers.
Section 4.6 President.
Section 4.7 Vice President.
Section 4.8 Clerk.
Section 4.9 Treasurer.
Section 4.10 Other Officers

ARTICLE V

COMMITTEES

Section 5.1 Committees
Section 5.2 Limitation on Power of Committees.
Section 5.3 Executive Committee.

ARTICLE VI

LIMITATION OF PERSONAL LIABILITY OF DIRECTORS

Section 6.1 Limitation of Directors’ Personal Liability.
Section 6.2 Preservation of Rights

ARTICLE VII

INDEMNIFICATION

Section 7.1 Certain Definitions
Section 7.2 Indemnification of Officers, Directors
Section 7.3 Advancement of Expenses.
Section 7.4 Determination of Indemnification
Section 7.5 Insurance.
Section 7.6 Not an Exclusive Remedy
Section 7.7 Indemnification of Other Persons.
Section 7.8 Savings Clause.

ARTICLE VIII

RESTRICTIONS REGARDING THE OPERATIONS OF THE CORPORATION; ADMINISTRATION OF FUNDS

Section 8.1 No Private or Political Beneficiaries.
Section 8.2 No Violation of Purposes
Section 8.3 Tax Records.
Section 8.4 Books and Records
Section 8.5 Conflict of Interest Policy.

ARTICLE IX

AMENDMENTS

Section 9.1 Authority
Section 9.2 Notice.

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