: Annual Statements:

Section 1: The President shall present at each year-end meeting a full and complete statement of the business and affairs of the Association for the preceding year.

Section 2: The Association shall annually conduct a review of all finances of the Association. The Treasurer shall make available all financial documents necessary to conduct said review. Said review need not be verified by a Certified Public Accountant unless deemed necessary by the Elected Officers.




ARTICLE XI; Indemnification

The Association shall indemnify each of its Officers, and employees whether or not then in service as such, against all reasonable expenses actually and necessarily incurred by him or her in connection with the defense of any litigation to which the individual may have been party because he or she was an Officer or employee of the Association. The individual shall have no right to reimbursement, however in relation to matters as to which he or she has been adjudged liable to the Association for negligence or misconduct in the performance of his or her duty as Officer or employee by reason of willful misconduct, bad faith, gross negligence, or reckless disregard of the duties of his or her employment. The right of indemnity for expenses shall also apply to expense of suits, which are comprised or settled if the court having jurisdiction of this matter shall approve such settlement. The foregoing right of indemnification shall be in addition to, and not exclusive of all other rights which such Officer or employee may be entitled.