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Tue, 2 Jan 2018 — Amendments to NFA Registration Bylaw 1301. An explanation of the amendments can be found in the November 17, 2017 rule submission letter.
Tue, 2 Jan 2018 — Addition of NFA Interpretive Notice 9072. An explanation of the Interpretive Notice can be found in the May 25, 2017 rule submission letter.
Chapter 6. Officers
BYLAW 601. OFFICERS.
The officers of NFA shall consist of a Chairman of the Board, a Vice Chairman of the Board, a President, a Secretary, and a Treasurer. The Chairman and Vice Chairman shall be elected by the Board at its regular annual meeting in each year, to hold office until the next regular annual meeting of the Board or until their respective successors are elected and qualified. The Board shall appoint a President, a Secretary, and a Treasurer. Vacancies occurring in any office by death, resignation, removal or otherwise shall be filled by the Board, and such replacement officers shall serve, in the case of the Chairman and Vice Chairman, until their successors are elected, or, in the case of other officers, until their successors are appointed. No single individual may hold any two of the following positions concurrently: Chairman, Vice Chairman, President and Secretary. The Board may provide for such other offices and may appoint incumbents thereto, and assign their respective duties to them, from time to time, as the Board may deem advisable. In its discretion, the Board may execute, on behalf of NFA, contracts of employment with appointed officers.