Constitution of Beta Alpha Psi
ARTICLE I - PURPOSE
The purposes of Beta Alpha Psi shall be to:
ARTICLE II - INSIGNIA
The seal shall be circular in form with the legend "Beta Alpha Psi" encircling a reproduction of the insignia and the year "1919."
ARTICLE III - MEMBERS
ARTICLE IV - ORGANIZATION
ARTICLE V - DISSOLUTION
Upon dissolution, any remaining net assets of Beta Alpha Psi shall be distributed solely to other exempt organizations that qualify under the provisions of Section 501(c)(3), as in effect January 1, 1987, or succeeding statutory provisions.
ARTICLE VI - AMENDMENTS
Amendments to the Constitution and Bylaws must be voted on during either the August Board meeting or the January Board meeting. Procedures for amendments are set forth in the Policy and Procedures Manual and must be strictly followed.
Bylaws of Beta Alpha Psi
Last Updated: August 2017
ARTICLE I – VISION AND MISSION STATEMENT
Beta Alpha Psi will shape the financial and business information professions by developing members into ethical, professional, and confident leaders.
The mission of Beta Alpha Psi, the premier international honor and service organization for financial and business information students and professionals, is to inspire and support excellence by:
encouraging the study and practice of accountancy, finance, and information systems;
providing opportunities for service, professional development, and interaction among members and financial professionals; and
fostering lifelong ethical, social, and public responsibilities.
ARTICLE II - CATEGORIES OF MEMBERSHIP
ARTICLE III - CANDIDATE STATUS
ARTICLE IV - ELIGIBILITY FOR MEMBERSHIP
ARTICLE V - MEMBERSHIP CEREMONY
Candidates who have met the requirements for membership must be present for the member initiation ceremony. A membership ceremony in absentia will be granted only under extreme circumstances and the membership ceremony in absentia must be approved by the BAP Executive Office and the BAP President . The official membership ceremony shall be used.
ARTICLE VI - BOARD OF DIRECTORS
Immediate Past President
Third Year Chapter Advocates as defined in the Policy and Procedures Manual.
Professional Partner Chair
Professional Partners Chair-Elect (position exists only during final year of Professional Partners Chair)
Alumni Representatives (2)
Director of Administration
Director of Global Activities
Business School Dean
The terms of office are as follows:
President – One Year
President-Elect – One Year
Immediate Past President – One Year
3rd Year Chapter Advocates – 1 year (Total Chapter Advocate term is 3 years, but will serve on the Board of Directors only during 3rd year).
Professional Partners Chair – Two Years unless exercise option to request a one year term. Option for one year term must be communicated to the current Professional Partner Chair and approved by the Professional Partners at the annual August Professional Partner meeting, and communicated to the Board at the annual meeting of the year commencing term as Chair.
Professional Partners Chair-Elect – One year, running concurrent with final year of Professional Partners Chair
Alumni Representatives – Two Years
Director of Administration – Three Years
Director of Global Activities – Three Years
Business School Dean – Two Years unless exercise option to request a three-year term. Option for third-year must be communicated to the Nominating Committee no later than the August board meeting between first and second year.
AICPA Liaison – Serves at the discretion of the AICPA (In the event that Beta Alpha Psi terminates its agreement with the AICPA, the AICPA Liaison position on the Board will be eliminated.)
All terms begin immediately following the annual meeting.
The Board, at its discretion, may make exceptions to the normal term of office, installation, and eligibility of members of the Board of Directors.
ARTICLE VII - INTERNATIONAL CHAPTER
ARTICLE VIII - FINANCIAL AND AUDIT POLICIES
ARTICLE IX - ESTABLISHMENT OF LOCAL CHAPTERS
ARTICLE XI - DUTIES OF CHAPTER OFFICERS
Duties of the Chapter officers are set forth in the Policies and Procedures Manual
ARTICLE XII - RECOGNITION OF FUNDING FOR LOCAL CHAPTER ACTIVITIES
The association of Beta Alpha Psi with persons or organizations providing funds to individual chapters is restricted to recognizing those persons or organizations as sponsors of a particular event(s) or program(s). The written recognition of sponsors is restricted to simply listing the sponsor names on associated documents such as programs, handouts, newsletters, student rosters and the like. The type size used to list sponsor names is to be consistent with the type size of the document.
ARTICLE XIII - RESIGNATION OF MEMBERS
ARTICLE XIV - EXPULSION OF MEMBERS
Expulsion of a member is a serious matter. A local chapter has the right to expel a member provided the policies and procedures manual for the expulsion of members is strictly followed.
ARTICLE XV - PROBATION, SUSPENSION, AND REVOCATION OF CHARTER
The Board may place a chapter on probation for failure to comply with the Constitution and Bylaws. Criteria for probation, suspension and revocation of chapter charter are set forth in the Policy and Procedures Manual.
ARTICLE XVI- AMENDMENTS