Corporate Bylaws of Future Business Leaders of America (FBLA)

50 FILL_IN_THE_BLANK flashcards covering key provisions of the FBLA corporate bylaws.

The full legal name of the organization is __.

Future Business Leaders of America, Inc.

FBLA is incorporated under the laws of __.

the District of Columbia

The corporate seal must include the words "Corporate Seal, __."

Washington, DC

The primary purpose of FBLA is to serve students interested in __ programs.

business and/or business-related

FBLA must maintain its status as a(n) __ organization under Section 501(c)(3).

educational, charitable

The membership and fiscal year of FBLA both extend from August 1 through __.

July 31

Active members must belong to a local __ chapter.

FBLA High School, FBLA Middle School, or FBLA Collegiate

Only the __ and its corporate officers have the power to bind the corporation.

board of directors

The FBLA board of directors consists of __ voting members.

sixteen (16)

One voting member of the board is the President of the __ division.

FBLA High School

Another voting member of the board is the President of the __ division.

FBLA Collegiate

The immediate __ of the board is also a voting director.

Past Chair

The chair of the __ is a voting member of the board.

board of FBLA

The board includes __ representatives of Business/Industry.

four (4)

The board includes __ business education professionals.

eight (8)

Of the business education professionals, __ must be FBLA State Chairs, State Supervisors, or State Advisers.

four (4)

Of the business education professionals, one must be a local adviser for __.

FBLA Middle School

Two of the business education professionals must be local advisers for __.

FBLA High School

One of the business education professionals must be a local adviser for __.

FBLA Collegiate

The __ serves as an ex-officio, non-voting member of the board.

President & CEO

Except for division presidents, all directors serve terms of __ years.

three (3)

FBLA and Collegiate division Presidents serve on the board for __ year.

one (1)

Directors may serve a maximum of __ consecutive terms.

two

A director can be removed by a __ vote of the board.

two-thirds

Board vacancies are filled by a __ vote of the remaining directors.

majority

The chair-elect is chosen by secret ballot from among directors with at least __ year(s) remaining in their term.

one (1)

If the chair is unable to serve, the __ immediately succeeds to the office.

chair-elect

The officers of the corporation include the president & CEO, chair, chair-elect, past chair, __, and treasurer.

secretary

The president & CEO is selected by the __.

board of directors

The president & CEO must be a __ employee of the corporation.

full-time salaried

The __ is responsible for keeping the minutes of all board meetings.

secretary

The __ assists the president & CEO in all financial matters concerning the corporation.

treasurer

The annual meeting of the board takes place during the __ of FBLA.

National Leadership Conference

A __ of the board constitutes a quorum.

majority

Board meetings may be held by telephone or video if all directors can __ each other.

speak to and hear

The board may act without a meeting if the directors unanimously consent __.

in writing

The Executive Committee includes five voting officers and the non-voting __.

president & CEO

The Executive Committee is prohibited from __ these bylaws.

amending

FBLA has __ divisions: Middle School, High School, and Collegiate.

three (3)

Division bylaws and amendments must be approved by the __.

board of directors of FBLA

Membership dues for each division are established by the __.

board of directors of FBLA

Division funds are collected and disbursed under the direction of the __.

president & CEO

Each division must submit an annual budget, financial statement, and __ of activities.

statement of activities

State and local chapters are __ organizations of FBLA.

subordinate

State and local chapters must assess a __ dues structure.

unified

Amendments to the bylaws require a 30-day notice and a __ vote of directors in office.

two-thirds

Upon dissolution, FBLA's remaining assets must be distributed to organizations classified as __.

non-profit 501(c)(3)

The board of directors __ the affairs of FBLA and exercises ultimate control over divisions and chapters.

manages

Ballots for business education professional director positions must be returned to FBLA on or before __.

May 15

The Executive Committee must report any actions taken to the board at its __ meeting.

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