Article 1 Definitions
“ Accounting Year ” shall mean the year adopted by the Seven Oaks Country Club as its accounting year for financial purposes.
“ Articles ” shall mean the Articles of Incorporation of SOCC, Inc, a California Nonprofit Mutual Benefit Corporation.
“ Board of Governors ” or “ Board ” shall mean the governing board of Seven Oaks Country Club.
“ Bylaws ” shall mean the Bylaws of Seven Oaks Country Club as amended from time to time.
“ California Law ” shall mean California’s Nonprofit Mutual Benefit Corporation Law, and such other California Laws as context requires.
“ Capital Improvement ” shall mean a new asset or facility that is not merely the result of the repair, maintenance, or replacement of an existing asset or facility that has reached the end of its useful life.
“ Capital Reserve Fund ” shall mean a fund that may be established and funded by the Club to fund capital improvement projects.
“ Club ” shall mean SOCC, Inc., also known as Seven Oaks Country Club, as operated in accordance with the Articles and these Bylaws.
“ Club Facilities ” shall mean the land, golf course, golf clubhouse, tennis courts and related facilities of the Club. “ Club Facilities ” does not include any residential lot owned by others, or improvements or personal property located thereon, or real or personal property designated as “ Common Areas ” in the Declaration.
“ Club Regulations ” shall mean the regulations referred to in Section 4.4 hereof.
“ Declaration ” shall mean the Declarations of Covenants, Conditions and Restrictions recorded against Seven Oaks and Seven Oaks West of Buena Vista, both recorded in the Official Records of Kern County, California. “ Equity Membership(s) ” shall mean the proprietary, assessable, voting membership(s) issued by the Club. Each Equity Member has voting rights. Equity Memberships shall specifically include Corporate Memberships if they are issued by the Club from time to time. “ Family ” shall mean the spouse or registered domestic partner living with the Equity Member or Licensee, and the children (by blood, marriage, or legal adoption) under the age of twenty-six (26) (not eligible after the 26 th birthday) of an Equity Member or a Licensee, who lives in the same household as the Member or Licensee and is registered with the Club. The nature and scope of Family privileges shall be determined by the Club from time to time consistent with
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