Members,

Per AFI 34-223, the President must ensure on a yearly basis that members are aware of the following, which is found in our Constitution, Article V: Certification of Financial Liability Obligations.

The membership is liable under the laws of the State of Colorado for organizational debts in the event the organization’s assets are not sufficient to discharge its liabilities. Individual members shall not incur any debt in the name of the EMGA unless authorized by the Executive Council, nor may they have proprietary rights in the association’s assets. 

The President will ensure that all members are aware that financial liability incurred by the EMGA may ultimately result in individuals’ personal financial responsibility if the EMGA fails to discharge its obligations, even though the EMGA may have been re-designated or dissolved.

OK, you have now been made aware.

Please let me know if you have any questions.  Thanks.

Larry Walker, President, EMGA

Sent by Eisenhower Golf Club. Unsubscribe