“Shared
Memberships”
By law changes to allow shared
memberships
Article IX. EQUITY
MEMBERSHIPS
1. Types of
Equity Memberships
Amending the first
sentence to read:
There are four [4] types of Memberships
by adding
“c. Shared Property Golf Memberships”
“d. Shared Property Social Memberships”
Note: A “Shared Property Membership” is limited to
two persons
or couples who totally and
jointly own a single dwelling within
the
immediate area of the Wolf Laurel Country
Club. A single
golf or social transfer
or initiation fee will be paid and each
holder shall
pay annual dues, food minimums, and assessments.
3. Membership Benefits
by adding
Shared Property
Memberships.
A Shared
Property Social Membership entitles the users
of the membership to all of the dining,
lounge and social facilities
of the Club.
A Shared Property Golf Membership entitles the users
of the membership to all of the golf, dining, lounge, and
social facilities of the club.
4. Membership Privileges.
By adding “Shared
Property Social Memberships” and
“Shared Property Golf Memberships”
where needed.
6. Voting
By adding:
“The holders of
a Shared Property Golf Membership
shall be entitled to two [2] votes total and
the holders
of a Shared Property Social Membership shall be
entitled to one
[1] vote total.
8. Amended to read “Transferability of
Equity Memberships
and Shared Property Memberships”
by adding the
following:
Shared Property
Memberships may not be separated or
divided in any way and may be
transferred ONLY to the
other member and by resignation from the Club by the
transferring member or by the joint assignment by both
such members of their membership
to a third party
approved for membership and upon payment of
transfer fees.
“Transfer
with a Sale”
Current By Laws:
8. Transferability of Memberships
a. Memberships are not transferable or assignable
except as provided in Sections 9 or 10 of Article IX.
b. A member who wishes to transfer a membership
(other than one covered by Section 10 of this Article) shall return his
membership to the Club, along with a written request to issue a new membership.
c. To affect any transfer of a membership, the
transferee shall sign and file an Application for Membership with the
Club. Upon the execution and delivery of
the completed Application for Membership and the payment of applicable
initiation and handling fees, the Club shall issue a new membership in the
appropriate name(s). A handling fee shall
be required for all transfers of memberships other than gift transfers and
transfers to members of the immediate family of the transferor. The handling fee shall be equal to fifteen
percent (15%) of the Members Equity Account.
Amended to read as
follows:
8. Transferability of Memberships and
transfers with the sale of a dwelling
a] AMENDED TO READ ; Memberships are not transferable or
assignable except as provided in Sections 8, 9 or 10 of Article IX.
by adding d. to read as
follows:
1] A member in good
standing and whose accounts are current, may arrange for the transfer of their
membership in the following manner:
2] The transferee shall
submit an Application for Membership in accordance with section 7 of this
article.
3] Upon approval of the
Application for Membership and upon payment of the required fees, a membership
shall be issued in the proper names and the Equity Account of the transferring
member shall be transferred to the Equity Account of the new member.
4] The fees for the
transfer of memberships shall be as established by the Board of Directors from
time to time and initially set June 17, 2013 as thirty per cent [30%] of the
costs of such a membership at the time, but not less than $2,500.00 for a Golf
Membership and $1,250.00 for a Social Membership.
5] Should the transfer
result in a “Shared Ownership Membership”, the total fees charged for such
transfer and the creation of such a membership shall be one half of the
initiation fees and equity then charged for a Shared Ownership Membership.
6] No fees shall be due
upon the transfer of membership to [a] child[ren] or [a] grandchild[ren], of
the member.
“Founder”
Current BY Laws:
Article IX. EQUITY MEMBERSHIPS
1. Types of Equity Memberships
There are two (2) types of memberships:
a. Golf
“There
are two (2) categories: Founder Golf and Golf.
The Founder designation identifies those who committed to membership
prior to the acquisition of the Club on April 22, 1999.”
b. Social
“There
are two (2) categories: Founder Social and Social. The Founder designation identifies those who
committed to membership prior to the acquisition of the Club on April 22,
1999.”
2. Number of Members
The combined total of Founder
Golf and Golf Memberships is limited to three hundred fifty (350). Such limit shall not prevent the change
in classification of Founder Social Memberships to Golf Memberships.
The combined total of Founder Social and Social
Memberships shall be limited to two-hundred fifty (250).
3. Membership Benefits
Equity Memberships entitle
the users of each membership to the following:
a. Founder Golf and Golf Membership
A Founder
Golf or Golf Membership entitles its users to unlimited use of the golf
facilities with privileges to reserve tee times as established by the
Board. They shall not be charged greens
fees, but shall be charged golf cart fees as established by the Board.
b. Founder Social Membership
A
Founder Social Membership entitles the member to change classification to a
Golf Membership provided such Golf Membership is available. A change in classification Equity Payment
will be due and shall be the difference between the then current Equity
Payments for Social Membership and Golf Membership. An additional amount will
be due equal to the
difference charged as an Initiation Fee for the last Golf Membership and the
last Social Membership sold.
The users of the membership may use all of
the dining, lounge and social facilities of the Club. They may also use the golf facilities of the
Club in accordance with the Club rules and upon payment of the required fees as
set by the Board; provided, however, that in the future such users shall not be
denied at least limited access to the golf facilities, as determined by the
Board.
c. Social Membership
A Social Membership entitles the users of the
membership to all of the dining, lounge and social facilities of the Club. Such users may use the golf facilities of the
Club in accordance with the Club rules and upon payment of the required fees as
set by the Board.
4. Membership Privileges.
Founder Golf Memberships,
Golf Memberships, Founder Social
Memberships, and Social Memberships shall be issued in the name of the
Member, who shall be entitled to all privileges as defined by the Bylaws. Unmarried dependent children below the age of
eighteen (18) residing in the same household as their member parents shall have
the same privileges as the Member. Other
individuals using the Club facilities simultaneously with a beneficial user may
do so as guests, subject to the Club rules and upon payment of the applicable
guest charges. Notwithstanding the
rights and privileges described above, in order to provide the utmost playing
pleasure for all members, the Club reserves the right, from to establish rules
governing access, sign-up privileges and starting times with respect to the
golf course other recreational facilities of the Club.
6. Voting
On matters
to be voted upon by the members, the holders of Founder Golf Memberships and Golf Memberships are each
entitled to two (2) votes per membership; the holders of Founder Social Memberships and Social Membership are each
entitled to one (1) vote per membership. Voting privileges are to be extended
only to members in good standing.
13. Changes in Membership Classification
All
owners of Equity Memberships shall be entitled to change the classification of
their memberships as stated below:
a. Owners of Founder Golf
Memberships may make application in writing to the Board
for a change to a Founder's Social
Membership.
With applications for changes in classification
properly submitted and received by the Club prior to January 31 of any year,
the Owner shall be obligated for golf dues for the year of application
only. For applications received after
January 31 of any year, The Owner shall be responsible for the payment of Golf
Membership dues for the year of the Application for Change and for the year
following.
Thereafter, the Member shall be deemed to have
surrendered the Founder Golf Membership and shall be issued a Founder Social
Membership as a replacement.
At such time as such member resigns from the club,
the membership shall be placed on the club’s waiting list.
b. Owners of Golf
Memberships may change their membership classification as above except that
they shall be issued a Social Membership as a replacement.
c. Owners of Founders Social Memberships
may change classification to Golf Memberships as stated in Article IX, Section
3.c.
d. Owners of Social Memberships may make
application to the Board and change classification to a Golf Membership if one
is available. The additional Equity
Payment due at this time shall be the difference between the amount charged for
the last Golf Membership and the last Social Membership sold. An additional amount will be due equal to the
difference charged as an Initiation Fee for the last Golf Membership and the last
Social Membership sold.
PROPOSED CHANGES TO THE BYLAWS TO REMOVE REFERENCES TO “FOUNDER”
AND TIMELINES FOR CHANGES IN CLASSIFICATION
Article IX. EQUITY
MEMBERSHIPS
Amended to read as
follows:
1. Types of Equity Memberships
There are two [2] types of memberships:
a. Golf
b. Social
Add the following note:
***Persons who committed to membership in the Club prior to its
acquisition on April 22, 1999 were designated as “Founder Golf” or “Founder
Social”. As there is no difference in
the rights of membership of a “Founder” member and one who is not so
designated, the term “Founder” was removed from the bylaws.
A small number of “Non Equity” memberships have been issued. While holders of such memberships retain the
rights originally granted, this practice was discontinued in 2013.
2. Number of Members
Paragraph deleted and
amended to read as
follows: “The total of Golf Memberships
is limited to three hundred fifty [350] and the total of Social Membership is
limited to two hundred fifty [250].
3. MEMBERSHIP BENEFITS
a. Amended
to read: “Golf Membership”
“Founder Golf or”
is deleted from the first
sentence.
b. Deleted in its entirety
c. Relettered to read “b.”
4. MEMBERSHIP PRIVILEGES.
The words ”Founder
Golf Memberships,”” and “Founder Social Memberships,” and the comma following
Golf Memberships are deleted
from the first sentence.
6. VOTING.
The words “Founder Golf Memberships and” and “Founder Social
Memberships and” are deleted.
13. CHANGES IN MEMBERSHIP CLASSIFICATION
NOTE: CHANGES HERE REMOVE THE WORD “FOUNDER” AND
DEFINE THE TIMELINES FOR CHANGES IN CLASSIFICATION
AMENDED TO READ IN ITS ENTIRETY AS FOLLOWS:
All Equity Membership
shall be entitled to change the classification of their memberships as stated
below:
a. Owners
of Golf Memberships may make application in writing to the Board for change to a Social Membership. For applications received by the Board prior
to October the 31st of a year, Social Membership dues will be due for the following
year and thereafter.
b. Owners of Social Memberships may make
application in writing to the Board for
change to a Golf
Membership. When approved by the Board,
Golf Membership
dues for that year
will be pro rated.
“Use by Tenants”
Current By-Law:
15. Rights of Tenants
Tenants of properties owned by an Equity Member are entitled to the use
the club facilities. Evidence of tenancy
must be provided. All tenants shall pay
a Temporary Membership Fee and any other charges and fees as determined by the
Board. Tenants of properties owned by
Golf Members are required to pay greens fees and cart rental fees. All tenants are subject to the Club
rules.
Change to allow tenants of member owned residences use of club
ARTICLE IX. EQUITY MEMBERSHIPS
15. RIGHTS
OF TENANTS
Amended so that in its
entirety, would read as follows:
A Golf Member wishing to
allow tenants who are paying rental for the use of the Member’s residence to
have use of the Club Facilities should complete the request form available at the club. The member agrees to be responsible for any
unpaid damages to club property for which the users are responsible and for any
unpaid charges. The named users are
permitted to use the golf, dining, lounge, and social Club Facilities
unaccompanied by the member in accordance with Club rules relating to guests.
A Social Member shall have
the rights and responsibilities for tenant use of the club as do Golf Members
excepting their tenants will be limited
to the same golf privileges as the Social Member.
.jpg)
