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Bylaws

as Approved by the Chapter on September 19th, 2013.

Section 1. Charter.Section 2. Name.ARTICLE II. Objectives and limitations.

The objectives of this chapter, in addition to those set forth in the bylaws of the Institute of Real Estate Management, shall be within the territorial jurisdiction granted to this chapter, to:

1.2 Assist the Institute of Real Estate Management in the implementation and carrying out of its various programs and activities.

1.4 Provide the necessary organization and leadership to facilitate the exchange of information and experience among members so as to advance and benefit the field of real estate management.

1.6 Organize and conduct educational opportunities for the profession and the general public under the direction and supervision of the Institute of Real Estate Management.

2.1 All actions of this chapter shall be in accordance with the bylaws and statement of policies of the Institute of Real Estate Management and shall be consistent with all the policies adopted by the Governing Council of the Institute of Real Estate Management.

2.3 The bylaws of this chapter shall not be official and effective unless approved by the Governing Council of the Institute of Real Estate Management and on file at its national Headquarters.

The territorial jurisdiction of this chapter shall be: All of the counties and area north of, but not including, the following counties in the State of Colorado: Montrose, Delta, Gunnison, Chaffee, Fremont, Teller, El Paso, Lincoln and Kit Carson Counties.


Section 1.

The categories of membership shall be designated members and non-designated members.

2.2 Non-designated members. Non-designated members shall include those individuals who hold CPM Candidacy, ARM membership, ACoM membership, Student membership, Academic membership, and Associate membershipin the Institute of Real Estate Management

Section 4. Candidacy.  4.1 To qualify for chapter approval for the CPM designation, Candidates must be current with the chapter's annual dues and other obligations.

Section 5. Accredited Management Organization® firms.Section 6. Termination, suspension, and resignation.Section 7. Reinstatement.Section 8. Other requirements.ARTICLE V. Dues, fees, and assessments

. The annual membership dues of CPM, ARM, ACoM, and CPM Candidate members of this chapter shall be established by the Executive Council and shall be payable as determined by the Executive Council. This chapter may establish separate dues levels for designated and non-designated member categories.


Section 2. Assessments.Section 3. Non-payment of dues and assessments.ARTICLE VI. Officers

. The elected officers of this chapter shall be: president, president-elect, secretary and treasurer, or a combined secretary/treasurer, who shall be annually elected by the voting members of this chapter at its annual meeting.

. The officers shall be elected annually by the voting membership of this chapter and shall hold office for one year or until their successors have been elected and installed.

Any officer may be removed from office by a two-thirds vote of the voting members of this chapter present at a duly called meeting, provided that all voting members are notified in writing of the action to be proposed at least 30 days prior to such meeting.

The president, who must be a CPM Member, shall preside at all meetings of this chapter and at all meetings of the Executive Council. The president shall perform all duties usually pertaining to such office as may be prescribed by the Executive Council and shall be a member, ex officio, with right to vote, of all committees.

In the absence of the president, the President-Elect shall perform the duties of the president and shall also perform such other duties as the president or Executive Council may prescribe.

The secretary shall keep a keep the proceedings of this chapter and of the Executive Council; distribute minutes of chapter and executive council meetings; and shall perform such other duties as may be prescribed by the president or the Executive Council. (The office of secretary may be combined with the office of treasurer.)


Section 8. Additional Officers. ARTICLE VII. Executive Council

The governing powers of this chapter shall be vested in an Executive Council. The Executive Council shall supervise, control, and direct the affairs of this chapter and shall determine its policies or changes therein within the limits of these bylaws. It may adopt such policies and procedures not inconsistent with the provisions of these bylaws for the conduct of the chapter affairs as shall be deemed advisable and may, in the execution of the powers granted, appoint such agents as it may consider necessary.

. The Executive Council shall be composed of the elected officers of this chapter, at least three other voting members, one of which should be an ARM if an ARM is available to serve, , elected by the voting membership of this chapter for a term of one year or until a successor is elected and installed. Members of the Executive Council shall be eligible for re-election.

The Executive Council shall meet upon call of the president, at such times and places as the president may designate, or upon demand of a majority of its members.

3.2 A quorum for meetings of the Executive Council shall be a majority of the council members.


ARTICLE VIII. Nominations and elections

. Not later than the fourth Thursday of July, the president, with the approval of the Executive Council, shall appoint a Nominating Committee consisting of not less than three voting members, one of whom shall be a past president of this chapter, if there is a past president of the chapter who is a current chapter member.

. It shall be the duty of the Nominating Committee to propose names of eligible members of this chapter to serve as officers and Executive Council members for the following year.

The names of those nominated shall be submitted in writing to each member of this chapter at least 30 days in advance of the annual chapter meeting at which the election shall be held.

Additional nominations may be made in accordance with policies and procedures that have been adopted by the Executive Council.

. The officers and other elected members of the Executive Council shall be elected by the voting membership of this chapter at a regularly called annual meeting or other methods described herein. The slate of nominees may be submitted in writing to, and officers elected by, the voting members of the chapter by written ballot, including mail, fax, or electronic means. An election conducted in this manner shall be determined according to a majority of the votes received in writing within 15 days after distribution to the voting members, provided that at least 20% of the voting members have voted. Elections shall be held not later than the fourth Thursday of September. Immediately following the election, the chapter shall notify the Institute of Real Estate Management of the names, addresses, phone numbers, and officer titles of those elected. The chapter shall produce certification that the election was held.

Officers and elected members of the Executive Council shall take office immediately upon the conclusion of the annual meeting of the Institute of Real Estate Management. The formal installation ceremony shall take place not later than December 31. Newly elected officers and Executive Council members may attend all meetings of the Executive Council, without vote, until they take office.

In the event any officer or Executive Council member should resign from office, be removed from office, or terminated from membership, the Executive Council shall determine if the office shall be filled, and if so, shall appoint a replacement to serve the remainder of the term or until the next election, which ever comes first. Any officer who is absent from more than 50% of the annually scheduled meetings of the Executive Council shall be considered to have resigned from office.

Section 1. Regular meetingsSection 2. Annual meetingSection 3. Other meetingsSection 4. QuorumSection 5. Proxies.Section 6. NoticesSection 7.. Except as otherwise may be provided in these bylaws, any action requiring a vote by the voting members may be taken by written ballot, including mail, fax, or electronic means, provided that any such action by written ballot shall require a majority of the voting membership to return a vote in favor.

Section 1. AppointmentSection 2. Standing committeesSection 3. Special committeesSection 4. Action of committeesARTICLE XI. Limitations on chapter and Institute of Real Estate Management

All actions of this chapter shall at all times be subject to the approval of the Governing Council of the Institute of Real Estate Management. Those holding membership or status with this chapter shall at all times conduct themselves in accordance with the bylaws and statement of policies of the Institute of Real Estate Management.

This chapter shall not speak or advance positions for the Institute of Real Estate Management except in accordance with the bylaws and statement of policies of the Institute of Real Estate Management.

. Chapter officers and members of the Executive Council may at the discretion of the Institute of Real Estate Management be held harmless from any and all liability to the extent permitted by the law of the state in which this chapter is primarily located.

. Under no circumstances shall the Institute of Real Estate Management be responsible for any act, omission, debt, or obligation of this chapter.

This chapter shall use its funds only to accomplish the objectives and purposes specified in these bylaws and no part of its funds shall inure to the benefit of or be distributed to the members of this chapter. On dissolution of this chapter, any funds remaining after payment of the chapter's obligations shall be distributed to the Institute of Real Estate Management or to one or more regularly organized and qualified professional society, trade association, charitable, educational, scientific, or philanthropic organization to be selected by the Executive Council.

. Nothing contained in these bylaws shall authorize or empower this chapter to perform or engage in any acts or practices which would cause the chapter to lose its status as a tax-exempt organization within the meaning of Section 501(c)(6) of the Internal Revenue Code of 1954, or the corresponding provision of any future United States Internal Revenue Law.

The fiscal year of this chapter shall commence on the first day of January and shall end on the 31st day of December.


Amendments.

These bylaws may be amended by the voting members of this chapter at any regular or special meeting of this chapter at which a quorum is present by a two-thirds vote of voting members present, provided that the following provisions are met: 1) the proposed amendments must first be submitted in writing to the Institute of Real Estate Management Headquarters and Regional Vice President; 2) following this review period, 30 days advance notice shall be given to all members of this chapter of the intention to amend, together with a written statement of the substance of the proposed amendment, except that the Executive Council may, at any regular or special meeting of the Executive Council at which a quorum is present, approve amendments to the bylaws which are mandated by the Governing Council of the Institute of Real Estate Management. Any amendment becoming effective shall be first approved by the Governing Council of the Institute of Real Estate Management and the subsequently revised chapter bylaws shall be placed on file with the Institute of Real Estate Management Headquarters.


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