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Chapter Constitution

Article I. NAME

The name of this organization shall be the New Jersey Chapter, Healthcare Financial Management Association hereinafter shall be referred to as "HFMA" and the New Jersey Chapter shall hereinafter be referred to as the Chapter.

Article II. OBJECTIVES

The objectives of the New Jersey Chapter, HFMA, shall be identical with those of HFMA. The HFMA is an association of individuals who are organized to improve financial management of healthcare institutions and related healthcare organizations and:

  1. To foster and increase knowledge of and proficiency in financial management;
  2. To conduct and participate in educational programs and activities concerning financial management;
  3. To provide media for the interchange of ideas and dissemination of material relative to financial management;
  4. To strengthen cooperation among individuals of varying disciplines into financial management;
  5. To develop curricula and financial management supporting material for use by educational institutions;
  6. To cooperate with healthcare institutions and related healthcare organizations and agencies in their related associations, governmental agencies, and other interested groups in matters pertaining to financial management;
  7. To establish and promulgate principles relative to financial management;
  8. To promote and encourage financial management standards of performance for individuals and institutions in the various areas of financial management;
  9. To undertake research in financial management related to these objectives.

Article III. MEMBERSHIP

Membership in the Chapter shall be open to all members of HFMA who live or work in the area set forth in the Chapter Charter. Classes of membership within the Chapter and qualifications for membership in those classes shall be the same as those specified

Article IV. ACTIVITIES

The activities and programs of the Chapter shall be subject to the policies and procedures prescribed by HFMA through its Bylaws or actions of its Board of Directors.

No dividends or pecuniary profits shall be declared or paid to any individual or entity.

Article V. MANAGEMENT

The affairs of the Chapter shall be managed by the Officers and the Board of Directors of the Chapter. The powers and duties of the Officers and of the Board of Directors are prescribed in the Bylaws

Article VI. MEETINGS

Meetings of the Chapter membership and of the Board of Directors shall be held in accordance with the Bylaws.

Article VII. Termination of the Chapter's Existence

In the event of the dissolution of the Chapter, all assets and records of the Chapter shall automatically become the property of HFMA and shall be forwarded to HFMA in care of its President.

Article IX. BYLAWS

The Bylaws will be the laws of the Chapter, subject to this Constitution.

Article X. AMENDMENTS TO THE CONSTITUTION

Amendments to the Constitution may be made in the following manner:

  1. Any five (5) members may submit to the President of the Chapter a written suggested amendment.
  2. The Board of Directors must act on the suggested amendment at its next regular meeting. If two-thirds of the members of the Board vote to submit the suggested amendment to the membership, the suggested amendment must first be approved by the Board of Directors of HFMA.
  3. Once approved by HFMA, the resolution to amend the Constitution must be mailed to all Chapter members by the Secretary together with a ballot on which may be indicated approval or disapproval of the Resolution. Such ballot must clearly indicate that it be returned to the address shown within thirty (30)days of its mailing, at which time ballots will be opened and tallied with the results being made immediately known to the membership.
  4. Suggested amendments must receive a two-thirds affirmative vote of the members voting. Amendments to the Constitution will become effective immediately unless otherwise indicated in the amendment.

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