Section 1. Name. The name of this section shall be the Agribusiness Economics and Management Section, a subsidiary organization of the Agricultural & Applied Economics Association. Hereinafter it is referred to as the "Section" and the "Association", respectively. In the event of any conflict between the bylaws of this section and the constitution or operating policies of the Association, those of the Association shall prevail.

Section 2. Goals. The goals of the section shall be the same as that of the Association as stated in its constitution and nothing in these bylaws shall be inconsistent with the Association constitution or operating policies.

Section 3. Objectives. The objectives of the Agribusiness Economics and Management Section shall be:

1. To foster communication among teaching professionals and industry professionals, including discussion related to the development of materials and methods to improve the training of agribusiness students,
2. To foster communication and joint efforts in the research of agribusiness and management theory, and
3. To foster industry involvement with academics interested in agribusiness research and training and provide more opportunities for industry professionals involvement at the Annual Meetings and any other related activities of the Agricultural & Applied Economics Association.

Section 1. Membership. Membership in this section is open to all interested members of the Association who pay the dues established by the section. All classes of Association members shall enjoy the privileges of the section.

Section 2. Resignation. Any member may resign section membership by writing the executive director of the Association.

Section 3. Termination. Termination of membership or reinstatement shall be on the same basis as for membership in the Association.

Section 1. Officers. The officers of the section shall consist of a president, president-elect and a secretary.

Section 2. Terms of Office. The president and president-elect shall serve for a term of one (1) year or until their successors qualify. Upon completion of the term, the president-elect shall automatically succeed to the office of president. The secretary may serve a two-year term. Terms of the officers shall correspond to the governance year of the Association.

Section 3. Duties. The duties of the officers shall be those customarily performed by such officers together with those responsibilities prescribed by the constitution and bylaws of the Association, by this section's bylaws, and such other duties as may be assigned by the section executive committee.

1. The section president shall preside at all meetings of the section, execute the decisions and recommendations of the section executive committee, appoint all committees authorized by these bylaws, develop the section annual budget, represent the section to the Association, and sign vouchers for section expenses and transmit them to the executive director of the Association for payment.
   
   
2. The section president-elect shall assume the duties of the president in the absence of the president. He shall also develop the section's program sessions for the Association's annual meeting.
   
   
3. The section shall keep a record of the proceedings of the section and the section executive committee, receive a list of members form the Association and send members such notices as the business of the section may require, conduct the assigned correspondence of the section, submit to the executive director of the Association results of the section election by July 1, by May 15 prepare a report covering section activities for the year and submit it to the executive director of the Association for review by the executive board, by August 1 notify the executive director of the Association of any dues to be assessed by the section for the following calendar year, sign vouchers for section expenses and transmit them to the executive secretary of the Association for payment and receive the section financial reports from the executive director of the Association.

Section 4. Vacancies. In the event the office of the president becomes vacant, the president-elect shall succeed the office and duties of the president for the remaining portion of the term and thereafter shall serve the intended term as president. If the office of secretary becomes vacant, a new secretary will be appointed by the executive committee to serve the remaining portion of the term. If the offices of president-elect or past-president become vacant, a special election must be called by the president.

Section 1. Duties. The section executive committee shall be the governing body of the section and shall have full power to conduct, manage and direct the business affairs of the section in accordance with these bylaws and with the constitution and operating policies of the Association.

Section 2. Composition. The section executive committee shall consist of the president, president-elect, past-president, the secretary, and 3 members-at-large elected from the membership of the section. In particular, one member-at-large shall be elected to represent each of the following: industry members, teaching members, and research members.

Section 3. Representation. Nominees for membership on the section executive committee shall be chosen to represent the broad spectrum of section membership.

Section 4. Term. Elected members-at-large of the section executive committee shall serve for a term of three years with terms to be staggered to assure that one member-at-large will be elected each year.

Section 5. Vacancies. Vacancies on the section executive committee shall be filled by the section executive committee. Any individual so appointed shall serve for the remainder of the governance year. At the next annual election the section shall elect a member to complete the members unexpired term.

Section 1. Nominations. The immediate past-president will serve as chair of the nominating committee. The section president will appoint two additional members to serve on the nominating committee. The members of the section shall be notified of the positions to be filled and shall be solicited for suggestions for nominees for section offices and members-at-large. The nominating committee shall nominate two (2) or more candidates for each elective position. No nominee's name is to be placed on the ballot unless the nominee has confirmed a willingness to serve if elected.

Section 2. Elections. Elections shall be conducted by ballot sent by first class mail, electronically or both to all active members of the Section who have paid their dues by April 1st of each year. The ballot must be returned by June 1 to be counted. No late ballots will be counted.

Section 3. Results. The secretary shall review and report the results of the election to the executive director of the Association by July 1.

Section 1. Standing Committees. The following standing committees will be appointed by the president;

1. Industry Activities. This committee will be devoted to fostering industry involvement with academics interested in agribusiness research and teaching.
2. Research Activities. This committee will be devoted to fostering communication and joint efforts in the research of agribusiness economics and management theory.
3. Academic Activities. This committee will be devoted to fostering communication among teaching professionals, including the discussion related to the development of materials and methods to improve the training of agribusiness students.

Section 2. Committee Membership. The president will appoint a chair of each committee and committee appointments shall be made by the chair unless otherwise expressly provided.

Section 1. Business Meeting. The section shall hold a business meeting annually in connection with the annual meeting of the Association. A quorum for transaction of business at a section meeting shall consist of fifteen (15) qualified voting members or 5 percent of the members of the section whichever is smaller.

Section 2. Executive Committee Meetings. The section executive committee shall meet upon the call of the president or at the request of a simple majority of the members of the section executive committee. Conference phone calls may constitute a meeting. A majority of the members of the section executive committee including at least two (2) of the officers shall constitute a quorum for either physical or conference call meetings. In the absence of a quorum, a meeting of the section executive committee shall adjourn to another date.

Section 1. Fiscal Year. The fiscal year for the section shall be the same as the fiscal year for the Association.

Section 2. Dues. Members of the Section shall pay annual dues not to exceed 25 percent of the annual dues charged to Association members. The amount for dues shall be decided annually by the executive committee. The secretary shall notify the executive director of the Association no later than August 1 of the amount for the following year. Dues are paid in advance on the same basis as the Association dues. Funds collected shall be deposited in the general funds of the Association and credited to the Agribusiness Economics and Management Section.

Section 3. Budget. The annual budget shall be prepared by the president-elect and submitted by February 1 to the executive director of the Association.

Section 4. Dissolution. In the event of the dissolution of the section or revocation of its charter, all section funds remaining after the discharge of all debts and obligations shall be conveyed to the AAEA Foundation.

These bylaws may be amended by 2/3 of the members present at any annual business meeting of the section at which a quorum is present or by a majority vote of members of the section returning ballots by first class mail, electronically or both.

The executive board of the Association may revoke the Charter of the section if the section becomes inactive, fails to fulfill its purpose, or fails to submit the required reports to the Association. Such revocation of the section Charter shall not affect the standing in the Association of the members of the section.

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