Society of Actuaries - 2003 Archived Yearbook

Treasurer shall strike the name of such member from the rolls, and such member shall cease to be a
Fellow or Associate of the Society of Actuaries; provided that the member's name shall not be so
stricken until all pending disciplinary action has been finally resolved. It is inappropriate to use these
designations if membership status in the SOA is not current, no matter what year earned. Membership
designations connote continuing adherence to the Code of Professional Conduct and the Standards of
Practice with any deviations being subject to the discipline process. Such person may, however, be
reinstated by vote of the Board of Governors and upon payment of such arrears of dues as the Board
shall direct.
SECTION 2. Meeting Expenses. The Board of Governors may fix a registration fee for members
attending each meeting, or may use any other appropriate method of making a charge to such members,
such fee or charge to cover all or a portion of any meeting expense incurred by the Society.
SECTION 3. Contracts. The Board of Governors may authorize any Officer or Officers, agent or agents,
to enter into any contract or execute and deliver any instrument in the name and on behalf of the Society
of Actuaries, and such authority may be general or confined to specific instances.
SECTION 4. Checks. All checks, drafts, or other orders for the payment of money, notes, or other
evidences of indebtedness issued in the name of the Society of Actuaries shall be signed by such Officer
or Officers, agent or agents, of the Society of Actuaries and in such manner as shall from time to time be
determined by resolution of the Board of Governors.
SECTION 5. Deposits. All funds of the Society of Actuaries not otherwise employed or invested shall
be deposited from time to time to the credit of the Society of Actuaries in such banks, trust companies,
and other depositories as the Board of Governors may select.
ARTICLE XI
LIBRARY
A library shall be maintained by the Society of Actuaries, and the Board of Governors shall prescribe
regulations under which books may be borrowed by members and others.
ARTICLE XII
INDEMNIFICATION OF EMPLOYEES
Each person who is an employee, or who was an employee, of the Society (and such person's heirs,
executors, administrators and personal representatives) shall be indemnified by the Society against all
costs and expenses (including but not limited to legal fees, amounts of judgments paid, and amounts