General Operating By-Law 1

General Operating By-Law

No. – 1.0a

Definitions

“ACT” means the Canada Corporations Act as amended from time to time and any statute enacted in substitution thereof;
“ADVISORY BOARD” means the Advisory Board of the Corporation duly appointed by the Board of Directors.
“BOARD” or “BOARD OF DIRECTORS” means the Board of Directors of the corporation duly elected by the Voting Members from time to time.
“BOARD OFFICERS” means positions of high authority held by Members of the Board of Directors in order to carry out the functions of the Board of Directors. i.e. VP=Vice President, TR=Treasure, SEC-Secretary elected by the Board.
“BY-LAWS” or “BY-LAW” means any By-Law of the Corporation in force and effect from time to time.
“CHAIR OF THE BOARD” means the Chairman elected by the Board of Directors.
“COMMITTEE MEMBER” means a person appointed as a member of a committee.
“CORPORATION” PICRA (Professional Iranian Canadian Real Estate Association).
“COUNSEL” means the legal counsel appointed by the Board of Directors from time to time.
“GENERAL MANAGER IF ANY/IF REQUIRED” means the Chief Executive Officer or Administrator of the Corporation appointed by the Board of Directors.
“MEMBER” means a person who qualified for membership in the Corporation.
“RESOLUTION” means a Resolution passed by either the Board or Members by a fifty-one (51%) majority vote, unless the Act or this General By-Law otherwise requires;
“Directors” means members of the Board of Directors of the corporation.
“Standing Committee Chair” means a person elected by the Board.
“Staff” means positions held by paid employee

Article 1.00 – Background

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 2.00 – Interpretation

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 3.00 – Name, Seal and Registered Office

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 4.00 – Membership in the Corporation

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 5.00 – The Board of Directors

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 6.00 – Meeting of the Board Directors

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 7.00 – Powers of the Board Directors

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 8.00 – Standing Committees

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 9.00 – Executive Committee

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 10.00 – Powers of the Executive Committee

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 11.00 – Officers

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 12.00 – Members Meetings

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 13.00 – Auditor

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 14.00 – Signing Officers

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 15.00 – Fiscal Year

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 16.00 – Volunteer Services Organization

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 17.00 – Advisory and Honorary Board

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 18.00 – Advisory and Honorary Board

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 19.00 – Insurance

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 20.00 – Making Repealing and Amending By-Laws

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 21.00 – Conflict of Interest

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 22.00 – General

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.

Article 23.00 – Disolve/Merger

1.01 - Vision
Professional Iranian Canadian Real Estate Association “PICRA” is Ontario’s Registered Not – For Profit Corporation, PICRA is not a Public Benefit Corporation “NPBC” are not entitled to receive grant or to use of public money. PICRA is a member based professional association and also is a Non-political, Non-religious association.
1.02 - Mission Statement
To create and develop a professionally responsible organization and to produce role model leaders with a global mind set through professionally rigorous, relevant and value based education and networking.
**To received a copy of the By-Laws in PDF format by Email, or to received a copy of the filed annual PICRA Financial Documents, please send an email with your request to info@picra.ca.
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