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1. This association shall be known as the "Thai Vacation Ownership Association
(TVOA)" hereinafter referred to as the "Association".
2. The logo of the association shall be as follows;-
3. Its place of business shall be at "Multiple Travel Club Co., Ltd, 99/349 1st Floor
Chaeng Wattana Road, Laksi, Bangkok 10210" or such other as many subsequently
be decided upon by the Executive Committee and approved by the Registrar of the
Societies. The association shall carry out its activities only in places and premises
which have the prior written approval from the relevant authorities, where
necessary.
4. The objectives of the Association are;-
4.1 To promote and encourage Vacation Ownership, the business of Timeshare,
and other Timeshare, and other Timesharing Activities in
Thailand.
4.2 To promote and cultivate a greater awareness and understanding of the
Industry among the public in
Thailand.
4.3 To promote technical knowledge, professionalism, honorable and proper
product, and high ethical standards among members of the Association and
to establish guidelines, rules, bye-law, industry standards and such codes of
conduct for governing members so as to regulate and maintain a high
standard of quality amongst members in the industry in
Thailand.
4.4 To promote, protect and safeguard the legitimate interests of the members
of the Association in general and, in particular, to make such representations
to and liaise with the government, government authorities, trade bodies and
associations, public, statutory, or otherwise on all matters pertaining to the
industry, including the enactment of legislation, law and policies affecting the
industry, and code of conduct for those engaged in the industry.
4.5 To ensure the protection of consumers' right in the Industry and to encourage
the long term development growth and viability of the industry.
4.6 To provide, regulate, maintain and enforce a Code of Ethics amongst its
members, the industry and to amend or to revoke such code of ethic from
time to time.
4.7 To provide an authority for the interpretation and means for the enforcement
of
the By-laws relating to the Members and the Code of Ethics.
5. There shall be three classes of membership;-
5.1 Ordinary Membership shall be open to any one of the following category of
applicants subject to the approval of the executive committee;
5.1.1 An owner of a vacation ownership resort where affiliated with recognized
international exchange company. e.g. RCI.,
II.
5.1.2 A developer of a vacation ownership resort where affiliated with a
recognized international exchange
company.
5.1.3 An operator of a vacation ownership resort where affiliated with a
recognized international exchange
company.
5.1.4 A marketing Company of a vacation ownership resort where affiliated with a
recognized international exchange
company.
5.1.5 A vacation ownership resort exchange
company.
5.1.6 A Trust Company actively trades in Thailand and actively in vacation
ownership Industry.
5.2 Associate Membership shall be open to any legal person not directly involved
in the industry; but, who to the satisfaction of the Executive Committee,
demonstrates and maintains an interest in the industry. Without limiting the
generality of the foregoing, the following categories of applicants may seek
admission as Associate Member;-
5.2.1 A real estate company
5.2.2 A trade association/other tourism related
entities.
5.2.3 Any other applicant for Associate Membership whom the Executive Committee
may at its absolute discretion deem fit and acceptable for admission into such
membership.
5.3 Honorary Membership. Distinguished and honorable persons with special or
wide knowledge of the Industry whom the Executive Committee wishes to
honor, may be invited to be Honorary Members of the Association.
6. No corporation, partnership, firm or sole proprietorship shall be admitted to
membership of the Association if its or its proprietor is or, as the case may be,
if any of its partners, officers or director;-
6.1 is under the age of the 21 years.
6.2 is legally or mentally disabled.
6.3 is bankrupt; or if any steps have been/are being taken to appoint a receiver
and/or manager or judicial manager or liquidate in connection with any
winding-up proceeding.
6.4 is/has been an undesirable person in Society.
6.5 has been convicted of an offense for which punishment is impresonment.
7. Entrance Fee and Subscriptions
7.1 Ordinary Member
-Entrance fee with first year subscriptions 50,000 Baht
-Annual Subscriptions 30,000 Baht
7.2 Associate Member
-Entrance fee with first year subscriptions 30,000 Baht
-Annual Subscriptions 20,000 Baht
7.3 Honorary Member
-There is no fee for honorary members
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