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MISSION VALLEY COUNTRY CLUB By-Laws Rules & Regulations

MISSION VALLEY COUNTRY CLUB By-Laws Rules & Regulations

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the transferee will assume the dues responsibility of the class of<br />

member into which they fall. Further, a member transferring to<br />

a class enjoying a lower dues category shall not be granted a<br />

reduction in dues.<br />

B. Other Membership Classes<br />

1. If the marriage of a member is dissolved, the member<br />

may transfer the membership to the former spouse.<br />

2. An Honorary Membership is not transferable.<br />

Section 2: Transfer on Death<br />

A. Equity Members:<br />

An Equity Membership terminates on the death of the member<br />

and the surviving spouse automatically becomes an Equity<br />

Member with all of the obligations and privileges of that<br />

membership. The surviving spouse shall have 90 days to decide<br />

if they wish to 1) continue as an Equity Member, or 2) to<br />

become a Social Member, or 3) to resign as a member of any<br />

category. If the surviving spouse wishes to become a Social<br />

Member, they may immediately resign as an Equity Member and<br />

join as a Social Member and their equity shall be added to the<br />

waiting list of resigned members waiting for a return of equity. If<br />

they wish to resign as any category of membership and sever any<br />

relationship with the Club, their equity will be added to the list of<br />

resigned members waiting for a return of equity. In the event of<br />

item (2) above their dues will convert to the then current dues of<br />

a Social Membership and they will be required to pay the<br />

remaining yearly dues in the month following this decision. If<br />

they have pre-paid dues as an Equity Member and those dues<br />

exceed the amount of dues of a Social Member, they shall<br />

receive a refund of any amount which exceeds the required<br />

Social Membership dues. In the event of (3) above their dues and<br />

minimums shall cease in the month following that decision and<br />

the equity shall be added to the waiting list of members for the<br />

return of equity. Their Dues and minimums will cease the first<br />

day of the month following the decision and any pre paid dues<br />

for Equity Members will be refunded pro rata to the estate.

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