NCPBL Constitution

NORTH CAROLINA PHI BETA LAMBDA

STATE CHAPTER CONSTITUTION

ADOPTED IN ACCORDANCE WITH THE UNIFORM STATE CHAPTER CONSTITUTION
FUTURE BUSINESS LEADERS OF AMERICA-PHI BETA LAMBDA, INC.

ARTICLE I.  NAME

The name of this organization shall be the North Carolina State Chapter of Phi Beta Lambda, hereafter referred to as "the Chapter."

ARTICLE II.  PURPOSE

The purpose of the Chapter shall be to further the goals of Phi Beta Lambda within the state of North Carolina.  The Chapter shall provide opportunities for post-secondary students to develop business-related career competencies.  Phi Beta Lambda is an integral part of the instructional program and in addition promotes a sense of civic and personal responsibility.

The specific goals of FBLA-PBL and the Chapter are to:

The Chapter shall not have any purpose nor engage in any activity inconsistent with the status of an educational and charitable organization as defined in Section 501Q (3) of the Internal Revenue Code of 1954 or any successor provision thereto, and none of these goals shall at any time be deemed or construed to be other than the public benefit purposes and objectives consistent with such educational and charitable status, nor shall the Chapter adopt goals or engage in any activity inconsistent with the goals and policies of FBLA-PBL, Inc.

ARTICLE III.  MEMBERSHIP

The membership of the Chapter shall consist of Phi Beta Lambda members residing within the state of North Carolina.  Classes of membership identical to those established by FBLA-PBL, Inc., shall be established by the Chapter.  Such classes, together with the voting and other rights of each are more specifically set forth in the Bylaws.

ARTICLE IV.  DUES AND FINANCE

Section 1:  The Chapter may assess dues from the member in addition to dues assessed by FBLA-PBL, Inc.

Section 2:  No part of the net earnings of the Chapter shall inure to the benefit of any member, sponsor, donor, creator, director, officer, employee, or any other private individual or the benefit of any corporation or organization, any part of the net earnings of which inure to the benefit of any private individual; provided, this shall not prevent payment of reasonable compensation for services actually rendered the Chapter in effecting its goals.

The Chapter shall not divert any part of its income or corpus to any member, sponsor, donor, creator, director, officer or employee; by lending any part of its income or corpus without receipt of adequate security and a reasonable rate of interest; by paying any compensation in excess of reasonable allowance for salaries, or other compensation for personal services actually rendered; by making any purchase of security or other property for more than adequate consideration for money or money's worth; by selling any consideration for money or money's worth; or by engaging in any other transaction which, either directly or indirectly, results in such diversion of its income or corpus.

The Chapter shall not make any accumulation of its income unreasonable in amount or duration.

Section 3:  The Chapter shall not use any income for purposes other than the objects set forth in this Constitution or invest any income in any manner, which might jeopardize the fulfillment or carrying out of its objects.  The Chapter shall not devote a substantial portion of its activities to carrying on propaganda or otherwise attempting to influence legislation, and in no event shall the Chapter engage in any legislative activities other than those in direct furtherance of the Chapter's state objectives.  The Chapter shall not participate in or intervene in any political campaign on behalf of any candidate for public office.  In general, the Chapter shall not act in any way or engage in any activity which might affect its right or the right of FBLA-PBL, Inc., and the Chapter shall be so operated as to be entitled to and receive all tax exemptions, federal or local, which may be granted to charitable, scientific, or educational associations or foundations.

ARTICLE V.  ORGANIZATION

Section 1:  The Chapter is a subsidiary of the Future Business Leaders of America-Phi Beta Lambda, Inc.  As an integral part of FBLA-PBL, Inc., the Chapter shall have goals and engage in activities consistent with the organization's status as a charitable and educational organization as defined in Section 501(c)(3) of the Internal Revenue Code of 1954.  Reports shall be submitted to FBLA-PBL, Inc., as requested.

Section 2:  The Chapter shall be governed by an Executive Council which shall serve as the policymaking body for the Chapter, and which shall be subject to this Constitution, the Phi Beta Lambda Bylaws, and the Board of Directors of FBLA-PBL, Inc.

Section 3:  The Chapter shall adopt a set of Bylaws consistent with this Constitution, which shall include the powers and duties of the Executive Council, officers and elections, meetings of the Chapter, and any other provisions necessary for the orderly administration of the Chapter.

Section 4:  The Chapter shall maintain such relationship with Phi Beta Lambda local chapters within the state of North Carolina as shall be approved by the Executive Council.  The Chapter has applied to the Internal Revenue Service for a group tax exemption ruling on behalf of the local chapters within the state; the tax number is 23-7147582.

Section 5:  Upon dissolution, all the assets of the Chapter shall be and remain the assets of FBLA-PBL, Inc.

ARTICLE VI.  EMBLEMS AND INSIGNIA

The Chapter emblems shall be the emblems of the national organization.  Only members in good standing may use official emblems and insignia.

ARTICLE VII.  AMENDMENT

This Constitution is a mandatory Constitution drafted by FBLA-PBL, Inc. for adoption by its state chapters and shall be un-amendable without the written consent of FBLA-PBL, Inc.  Should amendments be required for the purpose of qualifying or retaining qualification under Section 501 (c)(3) of the Internal Revenue Code of 1954 or any successor provision thereto, such amendments, as approved by the Board of Directors of FBLA-PBL, Inc., shall become a part of this Constitution with or without the consent of the Chapter.