S9 Finance
- S9.1 Each Adhering Organization shall pay an annual subscription to the Union, due 1 January and payable before 31 December in each year. The minimum amount of this annual subscription shall be decided from time to time by the Council.
- S9.2 Any Adhering Organization in arrears with its subscription for a period of twelve months from the due date, shall be warned, shall be deprived of its voting rights, and all publications of the Union shall be withheld from it. Any Adhering Organization in arrears for a period of twenty-four months from the due date shall automatically cease to be a Member of the Union. Partial payment of the subscription shall be regarded as nonpayment, unless the Union exceptionally waives the outstanding subscription. Membership of bodies of the Union of all persons belonging to an Adhering Organization, which ceases to be a Member, shall continue at the discretion of the Bureau to the end of the period of service.
- S9.3 Any Adhering Organization that shall withdraw (see also Statute 3.4) or cease for any reason to be a Member of the Union shall forfeit claims upon the funds of the Union.
- S9.41 In addition to the annual subscription, the Union may receive financial contributions from other sources, such as gifts, bequests, and legacies. The Executive Committee may set up any auxiliary bodies to the Union that will enable such financial contribution to be received.
- S9.42 None of the constituent bodies of the Union (e.g., a Division) may solicit funds for Union purposes from organizations other than the Union until the specific approval of the Bureau of the Union has been obtained. The disposal of any such funds shall be only with the approval of the Bureau.
- S9.51 Any expenditure from the funds of the Union shall require authorization from the Treasurer, acting on behalf of the Bureau. The Treasurer may delegate to the Executive Director the expenditure of limited amounts from the funds of the Union.
- S9.52 Members of IUPAC bodies may receive contributions towards travel and subsistence expenses from funds of the Union, as authorized by the Treasurer. The Bureau shall establish procedures and guidelines for the approval of such expenses.