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Chapter House Corporation

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The house corporation acts as landlord for the chapter. All property, whether it is a house or computer equipment, is owned and maintained by the house corporation. The house corporation's main source of income is the collegiate chapter, in the form of house corporation fees, chapter obligation and, if applicable, resident rent. The house corporation board uses this money to cover the cost of maintaining housing and other property, paying insurance, taxes, loans, etc. 

What: A separate legal entity that is incorporated locally, according to state/province law, for the purposes outlined in Article XX., Section 1 of the Delta Gamma Constitution – to establish, provide and support a suitable social environment for the collegiate chapter. This support includes, but is not limited to owning, maintaining, equipping and managing a chapter house or facility.

Who: The house corporation is composed of all collegiate and alumnae members who have paid house corporation fees, as required by the Delta Gamma Constitution and house corporation bylaws. The house corporation board consists of elected alumnae members and ex-officio collegiate and alumnae officers.

Why: The changing collegiate chapter membership warrants the consistency of alumnae volunteers to maintain the chapter property while protecting the chapter's best interest. Collegiate representation on the House Corporation Board ensures updates to collegiate property are consistent with current and future student needs.


  

revisions by SHK Tuesday, December 11, 2012

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