Except as provided in this Section, the duration of a Charter Membership is perpetual, without requirement of further dues or assessments beyond payment of the original fee. A Charter Membership may be terminated with or without cause by majority action of the Board of Directors. Charter Membership is available to any category of membership in the Association providing that the existing member is a member in good standing.
A Charter Member's voting rights, if any, shall be limited to such Charter Member's category of membership. The Board of Directors must approve all Charter Memberships. Charter Memberships and the rights and privileges of Charter Members are transferable or assignable, only in the event of a change in the name of the Charter Member, and only if the Board of Directors approves the transfer or assignment. The Association of a change in the name of a Charter Member must submit requests for any transfer or assignment to the Board of Directors for consideration prior to recognition. Charter Members may terminate Charter Membership upon written request to the Board of Directors. Charter Members are entitled to sponsor up to three applicants for Affiliate membership without payment of Affiliate Member dues for the duration of the sponsor's Charter Membership.