Arizona Fiduciaries Association, Inc., Bylaws 

Article One - Offices

The principal office of the corporation shall be located at a location in the State of Arizona to be determined by the Board of Directors . The corporation may have such other offices, either within or without the State of Arizona, as the board of directors may determine from time to time.

Article Two - Membership and Voting 

Section 1. Membership Criteria -

A person actively engaged in the practice of guardianship, conservatorship, probate, or trust matters, and a business licensed and in good standing as a fiduciary by the Arizona Supreme Court qualify for full membership with voting rights. The Board of Directors may establish affiliate or associate membership levels for allied professionals; however, only those qualifying for full membership shall have voting rights.

The Membership Committee shall review every application. Any applicant who has been disapproved by the Membership Committee shall have the privilege of review by the membership at large, according to such procedure as may be adopted by the Board of Directors.

Section 2. Voting - Full members in good standing shall be entitled to vote. Voting rights are vested in the member. A business member’s voting rights are vested in its designee. Cumulative voting rights are attendant to membership in the corporation.

Section 3. Termination of Membership - The Board of Directors, by a vote of two-thirds (2 / 3) of its members, may suspend or expel a member for cause after an appropriate hearing.

Section 4. Resignation - Any member may resign by filing a written resignation with the secretary. Such resignation shall not relieve the member resigning of the obligation to pay dues, assessments, or other charges theretofore accrued and unpaid.

Section 5. Reinstatement - Upon written request, signed by a former member and filed with the secretary, the Board of Directors, by the affirmative vote of two-thirds (2 / 3) of its members, may reinstate the former member to membership on terms and conditions as the Board of Directors may deem appropriate.

Section 6. Transfer of Membership - Transfer of membership in this corporation is transferable upon compliance with Section 1 above. The transferability addressed herein pertains to the payment of dues only.

Article Three - Meetings of Members

Section 1. Meetings - An annual meeting of the members shall be held at a time and place to be set by the Board of Directors. The Board may set such additional meetings as it may deem appropriate.

Section 2. Special Meetings - Special meetings of the members may be called by the president, the Board of Directors, or by not less than ten percent (10%) of the members having voting rights. The location of the special meetings shall be designated by the Board of Directors. If all of the members meet at any time and place, either within or outside of the State of Arizona, and consent to the holding of a special meeting, such meeting shall be valid without call or notice, and at such meeting, any corporate action may be taken.

Section 3. Notice of Meetings - Written or printed notice stating the place, day, and hour of any meeting of members shall be delivered to each member entitled to vote at such meeting, not less than ten (10), nor more than fifty (50) days before the date of such meeting, by or at the direction of the president, secretary, officers, or persons calling the meeting. In case of a special meeting, when required by statute, or by these Bylaws, the purpose or purposes of the meeting shall be stated in the notice. Notice of such meeting may also be posted on the home page of the website of the Arizona Fiduciaries Association, Inc.

Section 4. Informal Action By Members - Any action required by law to be taken at a meeting of the members and any action that may be taken at a meeting of members may be taken without a meeting if a consent in writing is signed by all members entitled to vote on the action.

Section 5. Quorum - Members holding twenty-five percent (25%) of the votes that may be cast at any meeting constitute a quorum at such meeting. If quorum is not present at any meeting of members, a majority of the members present may adjourn the meeting from time to time without further notice.

Section 6. Proxies - At any meeting of members, a member entitled to vote may vote by proxy executed in writing by the member or by his duly authorized attorney-in-fact. Proxies shall be valid only for the meeting date printed on such proxy. Proxies shall be provided to members with the notice of meeting.

Article Four - Board of Directors

Section 1. General Powers - The affairs of the corporation shall be managed by its Board of Directors. Directors shall be residents of the State of Arizona, qualified full members in good standing with the Arizona Fiduciaries Association, Inc., and licensed and in good standing as a fiduciary by the Supreme Court of Arizona.

Section 2. Number, Tenure, and Qualifications - The number of directors shall be eleven (11). The term of office for directors shall be three (3) years. Directors shall be elected at a designated meeting of the membership. The term of office shall be staggered with at least three (3) directors being elected at the annual meeting of the membership.

Section 3. Regular Meetings - A regular meeting of the Board of Directors shall be held without any other notice than this Bylaw at the same time and place as a designated meeting of the

members. The Board of Directors may provide, by resolution, the time and place for holding additional regular meetings without other notice than such resolution.

Section 4. Special Meetings - Special meetings of the Board of Directors may be called by or at the request of the president or any two (2) directors and shall be held at such place as the directors may determine or via electronic means, including e-mail or electronic forum. Electronic meetings shall be reserved for emergency circumstances, determined at the discretion of the president.

Section 5. Notice - Notice of any special meeting of the Board of Directors shall be given to each director at least two (2) days before by written notice delivered personally, sent by mail,  by facsimile, or electronic transmission, in accordance with the Notice provision herein Any director may waive notice of any meeting. The attendance of a director at any meeting shall constitute a waiver of notice of such meeting, except where a director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. The business to be transacted at the meeting need not be specified in the notice of waiver of notice of such meeting, unless specifically required by law or by these Bylaws.

Section 6. Quorum - A majority of the Board of Directors shall constitute a quorum for the transaction of business at any meeting of the board; but if less than a majority of the directors is present at any meeting, a majority of the directors present may adjourn the meeting from time to time without further notice.

Section 7. Board Decisions - The act of a majority of all directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless a greater number is required by law or by these Bylaws. Votes may be collected by electronic means, at the discretion of the Board.

Section 8. Vacancies - Any vacancy occurring in the Board of Directors and any directorship to be filled by reason of an increase in the number of directors shall be filled by the Board of Directors from the members of the Arizona Fiduciaries Association, Inc., who are licensed and in good standing as a fiduciary by the Supreme Court of Arizona. A director appointed to fill a vacancy shall serve for the unexpired term of his predecessor in office.

Section 9. Compensation - Directors, as such, shall not receive any stated salaries for their services. Nothing herein shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefore.

Section 10. Attendance - At the discretion of the Board of Directors, any member who has three (3) unexcused absences in any fiscal year may be removed from the Board of Directors. .

Section 11. Removal - The Board of Directors, by a vote of two-thirds (2 / 3) of the directors present at a Board meeting, may remove a director from the board or from an Office after an appropriate hearing.

Article Five - Officers

Section 1. Officers - The officers of the corporation shall consist of a president, vice president, secretary, treasurer, . The Board of Directors may elect or appoint such other officers, including one or more assistant treasurers, as it shall deem desirable, and such officers shall have the authority and perform the duties prescribed from time to time by the Board of Directors. Any two offices may be held by the same person with the exception of the offices of president and secretary.

Section 2. Election and Term of Office - The officers of the corporation shall be elected by the Board of Directors at a meeting to be held as soon as possible after a designated general meeting of members. Each officer shall hold office until his successor has been duly elected and qualifies.

Section 3. Removal - Any officer elected or appointed by the members or the Board of Directors may be removed by the Board of Directors whenever, in its judgment, the best interests of the corporation would be served; but such removal shall be without prejudice to the contract rights, if any, of the officer so removed.

Section 4. Vacancies - A vacancy in any office due to a member's death, resignation, removal, disqualification, or otherwise, may be filled by the Board of Directors for the unexpired portion of the term.

Section 5. Powers and Duties - The officers shall have such powers and shall perform such duties as may from time to time be specified in resolutions or other directives of the Board of Directors. In the absence of such specifications, each officer shall have the powers and authority and shall perform and discharge the duties of officers of the same title serving in nonprofit corporations having the same or similar general purposes and objectives as this corporation.

Article Six -Committees

Section 1. Membership of Committees - Any member may join one or more of the committees formed by the corporation. At least one Director shall be a member of each standing committee.

Section 2. Standing committees - Membership Committee, Education Committee, and Policy and Procedures Committee.

Section 3. Other Committees -The President shall have the authority to establish and terminate such ad hoc or special task force committees as deemed necessary from time to time.

Article Seven - Contracts, Checks, Deposits, and Gifts

Section 1. Contracts - The Board of Directors may authorize any officer or officers or agent or agents of the corporation, in addition to the officers so authorized by these Bylaws, to enter into any contract or to execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or may be confined to specific instances.

Section 2. Checks, Drafts or Orders - All checks, drafts, or orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the corporation shall be signed by such officer or officers or agent or agents of the corporation and in such manner as shall from time to time be determined by resolution of the Board of Directors. In the absence of such determination by the Board of Directors, such instruments shall be signed by the treasurer and countersigned by the president or vice president of the corporation.

Section 3. Deposits - All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust companies, or other depositaries as the Board of Directors may select.

Section 4. Gifts - The Board of Directors may accept on behalf of the corporation, any contribution, gift, bequest, or devise for any purpose of the corporation.

Article Eight - Books and Records

The corporation shall keep correct and complete books and records of the account and shall also keep minutes of the proceedings of its members, Board of Directors, committees having and exercising any of the authority of the Board of Directors, and the Membership Committee, and shall keep at the principal office, a record giving the names and addresses of the members entitled to vote. All books and records of the corporation are open for inspection by any member, his agent or attorney, for any proper purpose, and at any reasonable time.

Article Nine - Fiscal Year

The fiscal year of the corporation shall be from the first (1st) day of January through and including the thirty-first (31st) day of December of each year.

Article Ten - Dues

Section 1. Annual Dues - The Board of Directors shall determine, from time to time, the amount of initiation fees, if any, and annual dues payable to the corporation by its member and shall give appropriate notice to the members.

Section 2. Payment of Dues - Dues shall be due and payable in advance on an annual basis.

Article Eleven - Notice

Section 1. Notice - When notice of a meeting is required, it may be given by electronic means, facsimile, by mail, or other reasonable means. If mailed, the notice shall be deemed to be delivered when deposited with the United States Postal Service, addressed to the member at his address as it appears on the records of the corporation, with postage thereon prepaid. If sent by electronic means, notice shall be deemed to be delivered upon sending the notice to the e-mail address of the member as it appears on the records of the corporation. Other reasonable means shall include posting on the home page of the website of the Arizona Fiduciaries Association.

Section 2. Waiver of Notice - When notice is required to be given, a written waiver signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

Article Twelve - Amendment of Bylaws

These Bylaws may be altered, amended, or repealed, and new Bylaws shall be adopted by a majority of the members entitled to vote in person or by proxy at any regular meeting of the members or special meeting of the members called for that purpose, provided there is a quorum present and thirty

(30) days written notice has been given stating the intention to alter, amend, repeal, or adopt new Bylaws at such meeting.

Adopted : May 19, 1995

Amended : May 12, 2000 Amended : May, 2001 Amended : May 9, 2003

Amended : November 19, 2004

Amended : February 19, 2009

Amended : March 12, 2015

Amended: April 19, 2018