INVERRARY COUNTRY CLUB
BYLAWS
ARTICLE I.
MEMBERSHIP

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Section 1. Classes and Privileges

The membership shall consist of the following classes of members of the Club (the "Members"), each of which shall enjoy the full or limited privileges of the Club specified by the terms and conditions contained in these bylaws subject to current house rules.

A. Individual and Family Membership

(1) Annual. This membership includes all Clubhouse and golf privileges for Members applying. Spouses of Members and all unmarried children living at home or college under twentyone
(21) years of age who are without a separate source of income shall also be entitled to the Clubhouse privileges only, subject to the current house rules.

(2) International and Monthly. This membership has all of the privileges as Annual
Members, except that it can only be used during the following time period: November, December, January, February, March and April.

(3) Membership Plus. This membership has all of the privileges as Annual Memb ers and includes cart lease.

(4) Corporate. This membership has all of the privileges as Annual Members, except that there is a limited assigned amount of lockers, handicap, storage, and website access.

B. Control of Membership Classes

The Club shall have the authority to establish, modify, close, or discontinue any class of membership as the Club from time to time may determine, in its sole discretion, to be in the best interest of the Club. The Club shall from time to time, in its sole discretion, prescribe or modify initiation fees, dues, periodic economic incentives, privileges, restrictions, bylaws and rules applicable to each class of membership.

C. Surviving Spouses

Upon the death of any Member in good standing, the surviving spouse of said Member may continue to hold the same Club membership as held by the deceased Member, so long as all Club dues and fees are kept current. The Club membership shall continue upon remarriage and be extended to the new spouse without any additional costs for the remainder of the then current
membership period.

Section 2. Application for Membership

 A. All applications for membership shall be made on a form supplied by the Club.

B. Each application shall include the name and address of the applicant, required family and business information, signature, class of membership, and names of sponsors, where applicable. An initiation fee shall accompany all applications, if applicable, in an amount fixed by the Club for the
requested class of membership

Inverrary Country Club
Bylaws Page 2 of 5
Amended November 4, 2006


Section 3. Resignation from Membership

A. A Member may resign from the Club at any time by giving written notice to the Club. Such resignation shall be effective upon receipt. All accrued dues or other charges for which he may be liable shall be paid on demand. Membership dues are considered as fully earned as of the first date of membership. To the extent that a Member’s annual dues are paid under an installment agreement with the Club, all remaining unpaid installments shall become immediately due and
owing to the Club as of the date of the Member’s resignation.

B. In the event of a Member's death, the heirs, successors, assigns, and estate of the Member shall be liable, to the extent permitted by law, for any dues accrued and charges incurred by the Member until the date of the Member's death.

Section 4. General Conditions of Membership

 A. Except as provided herein, no Member shall, by virtue of Club membership, be an owner or partner of the Club or have any rights to or ownership interest in any of the assets of the Club. No Member shall have any liability of any kind, solely by virtue of such membership, except for the payment of dues and house accounts and for the observance of these bylaws and Club rules. The Members are not liable for the debts or other obligations of the Club, past, present, or future. No Member shall have any voice in the management of the Club operations except as may be stated in these bylaws, as they may be amended from time to time. A membership grants solely the right to use and enjoy the facilities of the Club in accordance with the Club's rules and regulations, as may be amended from time to time.

B. Each Member, whether individual or corporate, shall pay in advance, the requisite Club dues, which may be changed from time to time by the Club. All dues and charges are due and payable on or before the eighth (8th) day of each calendar month in Broward County, Florida. No dividends shall
ever be declared or paid by the Club or the Corporation to any Member.

C. Each Member shall be legally and financially responsible for his or her acts or omissions as well as those of his or her spouse and children. Further, each Member shall expressly be financially responsible to pay for any indebtedness incurred by the Member's spouse, minor children, and guests.

D. The privileges extended to the Member, the Member's spouse, children, Corporate additional cardholders and guests by the Club are subject to these bylaws and the Club's house rules, as they may be amended from time to time and the Club reserves the right to limit, suspend, or terminate said privileges in its sole discretion.

E. In the event that any Member, any Member's spouse or minor children institutes suit against the Club, or should the Club institute legal action against any Member and the Club is successful or sustained in its position in such legal action, in whole or in part, then said Member shall be required to reimburse the Club for the expenses incurred, including but not limited to its attorneys' fees, court costs, and other expenses incurred in such proceedings.

F. The Member agrees to immediately notify the Club in writing of any insolvency of the Member. The Member hereby agrees that any failure to so notify the Club and the continued use of the Club or the membership thereafter shall constitute a fraud on the Club. Upon the insolvency of any party to the membership contract, the Club, at its discretion, shall terminate Club privileges to all parties to such contract

G. In the event a Club membership of any class or category is held by a married couple who are subsequently legally separated or divorced, all rights, benefits, and obligations of the Club membership shall be awarded to one (1) spouse as set forth in the separation agreement or divorce decree. The membership in any class or category is not divisible. In the absence of a written separation  agreement or divorce decree, the membership shall continue in the name of the spouse Inverrary Country Clubset forth on the membership application. During the pendency of divorce or separation, the Club,  in its sole discretion, may suspend the charging privileges of the Member, Member's spouse and children. The non-member spouse can apply for membership in the same manner as any new applicant for membership once the existing Club Membership has been awarded as set forth herein.

H. The Member expressly agrees that all use of the Club's facilities and equipment, including but not limited to equipment, golf carts and any transportation provided by the Club is undertaken by the Member or Member's guests at their sole risk. The Member further agrees that the Club is not liable for any injuries or damages to any Member or guest, or the property of any Member or guest. The Member agrees that the Club is not subject to any claims or demands whatsoever, including, without any limitation, those claims or demands resulting from acts or omissions of active or passive negligence on the part of the Club, its owners, officers, agents, or employees. The Member for himself and on behalf of his executors, administrators heirs, assigns, and successors, does hereby expressly forever release and discharge the Club, its owners, officers, employees, agents, assigns, and successors from all such claims, demands, injuries, damages, actions, or causes of action.

I. The Member agrees that the Club is not responsible or liable to the Member or Member's guests for articles damaged, lost, or stolen in or about the Club, left in lockers, or for loss or damage to any property, including, but not limited to, automobiles and the contents thereof. Any storage facilities or lockers provided to the Member are offered as a convenience to the Member and the Club does not guarantee the integrity of any lock.

J. The obligation to pay dues is an independent obligation, and is not dependent upon the availability of the Club's facilities or the frequency of use. Tournaments, repairs, maintenance of
facilities, and/or other occurrences may make it necessary for the Club to change hours of use or restrict the use of one (1) or more facilities or to close the Club temporarily. The Club will not reduce or suspend dues during the time when the facilities, in whole or in part, are not available.

K. Members and their spouses shall be given the privilege of signing for all their charges, provided the membership account remains current.

L. In it sole and absolute discretion the Club, reserves the right to terminate memberships in the Club; to discontinue or modify operation of any or all of the Club facilities; to sell or otherwise dispose of the Club facilities; and to make any other changes in the terms and conditions of membership or the Club facilities available for use by Members. Use of the Club facilities may be restricted or reserved from time to time as determined by the Club. The privileges of membership in the Club are subject to these bylaws and the Club's house rules, as they may be amended from time to time.


ARTICLE II.
DISCIPLINARY ACTION


Section 1. Grounds

The Club shall have power to reprimand, suspend, expel, or otherwise discipline any Member for committing any violation of these bylaws or the house rules of the Club; or for conduct unbecoming a Member; or for any offense against the best interests of the Club; or for other good and sufficient cause. The Club shall have the power to reprimand, suspend, expel, or otherwise discipline any Member for nonpayment of dues and house accounts as discussed in these bylaws.


Section 2. Delinquent Accounts


When the balance of account of any Member shall become past due, the Club may, at its discretion, post within the Club the name of the Member and the fact that such Member is past due. When the account of any Member of the Club shall remain unpaid for a period of eight (8) days after the billing date, notice thereof shall be sent to the Member and the Member's credit and use of the Club by the Member, as well as by the Member's spouse and children, shall be suspended until the account is brought current. Such notice of suspension may be included with the statement of account mailed to Member or sent under separate cover. If payment is not made within ten (10) days after depositing the notice in the mail, such Member shall be subjected to account collection procedures.


Section 3. Notification of Expulsion


In the event of expulsion, an authorized representative of the Club shall notify the Member. Notice by any means, directed to the Member's last known address, shall be sufficient. Expulsion does not entitle the Member to a hearing. Such notice of expulsion may be included with the statement of account mailed to the Member or sent under separate cover.


Section 4. Consequences of Suspension or Expulsion


In the event a Member is expelled or temporarily suspended from the Club, such Member, and any immediate member of the Member's family who would also be entitled to the rights and privileges of such membership, shall be permanently barred in the event of expulsion (unless separate membership is obtained by other family members) or temporarily barred during the period of suspension, as the case may be, from admittance to the Club, both under the Member's own membership and as a quest of another Member.


ARTICLE III.
LATE CHARGES


Section 1. Late Charges


The failure of a Member to promptly pay all dues and charges when due is to the detriment of his fellow Members. Accordingly, the Club account of each Member shall be due and payable upon receipt of the monthly statement. Past due bills shall incur a finance charge each time the charges are not paid in a timely manner until paid in full. If the Club account remains unpaid eight (10) days after the due date of the first billing, the Club may suspend membership privileges until the delinquent amount is paid in full. Continued delinquency for a period of ten (20) days from the date the Club account is first due or repeated incidents of delinquency may result in termination of my membership. Remedies of the Club shall be cumulative.


ARTICLE IV.
OPERATION AND MANAGEMENT


Section 1. Control of Club Facilities


The Club Facilities and Inverrary Country Club are independently owned and operated. As such, Inverrary Country Club shall have the power to amend the Membership Plan and the Rules and Regulations in its sole discretion. All amendments shall be binding on all members of the Club.


ARTICLE V.
ACKNOWLEDGEMENT


Section 1. No Vested Interest


Membership is a license to use the Club Facilities. Members do not have any ownership interest in the Club or Club Facilities and have no vested rights to use the Club Facilities. Membership is subject to the terms, conditions and limitations of the Membership Plan and Rules and Regulations, as amended from time to time by the Club, and the Application for Membership.

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