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ByLaws

PREAMBLE 

We, the Accountancy students of the University of Wisconsin-La Crosse, do hereby ordain and establish these bylaws in order to provide scholastic exposure to meaningful principles and experience in the accounting field. 

ARTICLE I 

Object or Purpose 

Section 1. The purpose of Beta Alpha Psi, national honor society and scholastic and professional accounting association, includes the following: 

a) Recognition of outstanding academic achievements in the field of accountancy. 
b) Promotion of the study and practice of accounting. 
c) Provision of opportunities for self-development and association among members and practicing accountants. 
d) Encouragement of a sense of ethical, social, and public responsibilities. 

ARTICLE II 

Section 1. Membership in the association shall be limited to those persons of good 
ethical character who have achieved scholastic and/or professional excellence in the field of accounting; should have been initiated according to the official ceremonial process; and who are in good standing. 

Section 2. Members of the association enrolled as accountancy majors or finance/I-S 
majors with accountancy minors shall be designated as student members. 

Section 3. Members of the association who are on the faculty shall be designated as 
faculty members. 

Section 4. Members of the association, once classified as student members, who are no longer accounting majors or finance/I-S majors with accounting minors or no longer associated with a collegiate institution in which there is a chapter, shall be designated as alumnus members. 

Section 5. Members of the association once classified as faculty members, who are 
no longer associated with a collegiate institution in which there is a chapter, shall be designated as alumnus members. 

Section 6. Members of the association who at the time of their initiation are neither students nor faculty at the institution in which the initiating chapter is located shall be designated as honorary members. 

Section 7. An individual may be initiated once as a member of the national organization and may be an honorary member of multiple chapters. 

ARTICLE III 

Eligibility for Membership 

Section 1. Degree seeking undergraduate students and non-degree Post-Baccalaureate 
students at institutions in which a chapter is located shall be eligible for election to chaptermembership after they: 

a) have decided on a concentration in accountancy or finance/I-S with an accountancy minor. 
b) have completed, in addition to sixty credit hours of collegiate business and non-business course, at least one upper level accounting course (for transfer students the most recent qualifying course must be at the initiating institution or another AACSB accredited institution). 
c) have attained a cumulative grade point average in upper level accounting courses of a least 3.0 (where A is equal to 4.0) or the equivalent and 
1) have attained at least a cumulative grade point average of 3.0 or 
2) have achieved a rank within the top 35% of their university class or 
3) have attained at least a 3.25 cumulative grade point average on the most recent 30 semester hours. 

***For computation of (c) above, cumulative grade point averages shall be computed using all grades earned in upper level accounting courses. 

Section 2. Degree seeking undergraduate students and non-degree Post-Baccalaureate 
students at institutions in which a chapter is located shall be eligible for chapter candidate status after they: 

a) have declared a concentration in accountancy or finance/MIS with an 
accountancy minor. 
b) have completed thirty credit hours of collegiate business and non-business courses. 
c) have attained at least a cumulative grade point average of 3.0 or have achieved a rank within the top 35% of their university class or have attained at least a 3.25 cumulative grade point average on the most recent 30 semester hours. 

ARTICLE IV 

Officers 

Section 1. The officers of this association shall include President, President-elect, Treasurer, Reporting Officer, two Student Advisory Council Representatives, and Vice- President(s) as deemed needed by President and President-elect. The Executive Board shall be composed of the President, Treasurer, Reporting Officer and the Faculty Advisor(s). The Faculty Advisor(s) shall serve as ex officio, non-voting member of the Board, except in the case of a tie among the regular voting members of the Executive Board. In such an event, the Faculty Advisor(s) shall cast the tie-breaking vote. BAP members as well as BAP candidates may hold the positions of Vice-President, President-elect and two Student Advisory Council Representatives.

Section 2. a) The President’s duties shall be to preside over all meetings of the association and Executive Board, organize the meeting schedules and agendas with the approval of the Executive Board and association members at large, and represent the association in its activities and interests. The President-elect will shadow the President and perform duties as assigned by the Executive Board. 
b) The Vice President shall perform the duties of the President if the President is unable to do so. If the office of the Presidency is vacated for any reason, the Vice President shall succeed to the office with the approval of the association. 
c) The Treasurer shall be in charge of collection of all dues and shall have the power over these funds to make all necessary expenditures with the approval of the President, Faculty Advisor(s), and the association. The Treasurer shall be responsible for submitting a financial report at the end of each school year to the Student of Activities and the association. The Treasurer will also organize and operate the Accounting Tutor Lab. 
d) The Reporting Secretary shall keep and control all reports sent to the National Office. The Secretary will monitor all attendance and hours and provide timely updates on upcoming events to all members and professors. The Secretary shall also have duties as deemed necessary by the association. 
e) The Student Advisory Council (SAC) Representatives shall report to the Council any concerns of the association and in turn, report to the association any concerns of the Council. 

Section 3. a) The election process shall be established and administered by an Election Commission consisting of any present Executive Board members not seeking an office and any members at large not seeking an office. These members at large shall be appointed by the Current Executive Board. 
b) The Election Commission, upon establishing the election process, shall publicize to the members no less than three weeks prior to the election date. 
c) The election for President-elect, Treasurer, Reporting Officer, two Student Advisory Council Representatives, and Vice-President(s) as deemed needed by President and President-elect will be held each semester beginning fall 2009. 
d) Executive Board Members will assume their duties commencing at the meeting immediately following elections. Board positions shall be for one semester. 
e) Any vacancies on the Executive Board shall be filled by election or appointment, depending on the circumstances, at the next regularly scheduled meeting with the exception of the President. 

Section 4. a) All election votes shall be cast on a closed ballot 
b) A majority of the votes cast by members present shall be necessary to be elected. In the event of three or more candidates vying for a position, and a majority is not reached, a second vote shall be taken on the two candidates receiving the most votes. 
c) The Election Commission shall have final jurisdiction in any dispute or interpretation of election guidelines or results. 

ARTICLE V 

Faculty Advisor 

Section 1. The advisor(s) shall be selected by the student association. The advisor(s) 
must be a university faculty member in the Department of Accountancy unless otherwise approved by the Student Activities Office. The advisor(s) must be approved by the university. 

Section 2. The advisor(s) shall be selected by the members of the association and 
shall receive an indefinite term unless otherwise deemed necessary by the association. 

Section 3. The faculty member shall assume the duties of advisory member of the 
executive committee and shall also be responsible for continuity of activities, and all other endeavors of the organization. 


ARTICLE VI 

Meetings 

Section 1. Regularly scheduled meetings shall be held as deemed necessary by the 
Executive Board. 

Section 2. Special meetings shall be called by the President or other officers for purposes as shall deem necessary. 

Section 3. Majority of the voting members or the presence of all Beta Alpha Psi 
Executive Board of this association constitutes a quorum. 

Section 4. Insignia of this association shall not be used until inducted as a chapter. 


ARTICLE VII 

Committees 

Section 1. The following committees shall exist throughout the academic year: 
Fundraising, Publicity, Banquet, and Community Service. 

Section 2. a) Each committee shall have a chairperson selected by a consensus of the Executive Board, based on, but not limited to, the following criteria: past committee chair experience, past committee involvement, and other leadership experience. 
b) Each committee shall have an Executive Board Member to provide additional guidance. The Board Member will be given an opportunity to express a preference as to which committee they will advise. 
Section 3. The President and Executive Board shall appoint special committees from 
time to time as deemed necessary. 


ARTIVLE VIII 

Finance 

Section 1. Funds may be obtained from dues, funds raised in relation to programs of the club, and contributions from interested individuals and organizations. 

Section 2. Expenditures of funds may be made by the Treasurer upon approval of a majority vote of the membership or by the authorization of the Executive Board and Faculty Advisor(s). 

Section 3. All Funds that are expended and raised shall be handled in accordance 
with university regulations 

Section 4. A yearly audit shall be conducted. Special audits shall be undertaken at the 
discretion of the Executive Board and the advisor. 

Section 5. Beta Alpha Psi shall submit a detailed financial statement to the 
appropriate university authority once a year in accordance with university policy. 


ARTICLE IX 

Reading of the Bylaws 

Section 1. The bylaws of Beta Alpha Psi will be read to the members present during the election meeting. 

Section 2. Each member will have an opportunity to receive a copy of the bylaws upon becoming a member. 

ARTICLE X 

Methods of Amending 

Section 1. Bylaws will be reviewed each May for appropriate amendments. The bylaws may be amended at any regular meeting by a quorum vote. The proposed amendments shall be submitted in writing and read to the fraternity. At this time, they will be accepted or rejected. 

Section 2. Amendments to these bylaws will become effective upon the approval by the National Office of Beta Alpha Psi.

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