ORGANIZED FEBRUARY 1964 WITH 8 MEMBERS INCORPORATED WITH THE STATE OF UTAH IN APRIL 1965 |
⤝ ARTICLE X - LIABILITY ⤞ |
SECTION 1: PERSONAL LIABILITY |
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All persons or corporations extending credit to, contracting with, or having any
claim against the Club or its Officers, will look only to funds and property of
the Club for payment of any such contract or claim or for payment of any debt,
damage, judgement, or decree or any other money that may otherwise become payable
to them from the Club or the Officers; so that neither the members of the Club,
the Officers, present nor future, will be liable personally, therefore. |
SECTION 2: WAIVER OF LIABILITY |
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All members agree to a waiver of liability as a condition of membership. All
participants in any Club-sponsored activity for which a participation entrance
fee is required must sign a liability waiver that will release the Club from
liability for damages caused by or to the participant. |
SECTION 3: INSURANCE |
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All members must have liability and collision insurance on their Corvette as required
by the State of Utah to participate in any Club-sponsored activity involving their
Corvette. The Club will also maintain insurance to protect the Club and Officers.
The Club policy is approved by the Club membership during the annual Club Budget
Process (Article II). |