The annual meeting for the purpose of electing directors and the transaction of such other business as may come before the meeting shall be held during the annual convention each year at such time and place as the Board may determine.

Each auctioneer member who has paid dues and is otherwise in good standing shall have one vote upon each matter submitted to a vote at any meeting of the corporation, annual or special. Each auction company member shall have one vote at any meeting of the Corporation, annual or special, by a designated representative who shall not be one and the same as a voting auctioneer member, i.e. the vote of an auction company cannot be cast by a voting auctioneer member from his/her auction company.

With respect to the election of directors, each voting member/auction company representative entitled to vote shall cast one (I) vote for as many different positions as there are vacancies to be filled. Voting shall be by secret ballot unless all members present at the meeting waive such requirement. Proxy voting may be allowed provided he/she is present at any part of the conference or meeting where an election is to take place. Absentee voting shall not otherwise be allowed.

Associate and trade members shall not have voting privileges. An honorary member shall not be entitled to vote unless he/she was a member in good standing at the time of his/her
election as an honorary member. Majority rules on all votes with one exception. (See Article III, Section 3(a) Method of Election in the by laws.)