August 8, 2020
Shareholders are reminded of the following from the By-Laws of the Association:
Shareholder of good standing: A shareholder who has paid the annual fees, dues or assessments or other debts to the corporation by the end of the Corporation’s fiscal year, and has not committed any gross violations of the pool’s rules and regulations.
A shareholder who fails to pay the annual fees, dues or assessments or other debts to the corporation by the end of the Corporation’s fiscal year shall be considered to have abandoned their share. At such time, all rights and privileges of membership shall automatically be forfeited and the share shall revert to the ownership of the Corporation.
If you have not paid dues for the current year, you may retain your share by paying dues for any type of membership, including an Inactive Membership, no later than September 30 (the last day of the Association’s fiscal year).