Membership organization definition

Membership organization means a group that grants bona fide rights and privileges, such as the right to vote, to elect officers or directors, and the ability to hold office to its members and which uses a majority of its membership dues for purposes other than political purposes. "Membership organization" does not include organizations that grant membership upon receiving a contribution.

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Membership organization means a group that grants bona fide rights and privileges,

Membership organization means an organization that:

Examples of Membership organization in a sentence

• No suit, action, investigation, inquiry or other legal or administrative proceeding by any governmental body, Accreditation or Membership organization or other party shall have been instituted or threatened which questions or affects the validity, legality or value of the transactions contemplated hereby or which could reasonably result in the foregoing or, except as disclosed in the Disclosure Schedules, could have a material adverse affect on Seller or the Company.

• Except as disclosed in Schedule 3.17, no suit, action, investigation, inquiry or other legal or administrative proceeding by any governmental authority, Accreditation or Membership organization, or other party shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby or could reasonably result in the foregoing.

More Definitions of Membership organization

Membership organization means a nonprofit organization, not formed or operated for the purpose of conducting or promoting commercial enterprise, which has Individual members who have taken action to join the organization and have made a payment of money or volunteer time to maintain membership in the organization.

Membership organization means a nonprofit organization:

Membership organization means an unincorporated association, trade association, cooperative, corporation without capital stock, or a local, national, or international labor organization that:

Membership organization means an incorporated or unincorporated nonprofit organization having members who pay dues or otherwise affirmatively join and support the organization.

Membership organization means a group that grants bona

Membership organization means a group that grants

Membership organization means a charitable,