Applicant agrees that in the event of a corporate reorganization or personal divorce, this Membership is not divisible and this Membership shall be allocated by agreement of all claimants, or in the absence of agreement, by court order. Such allocations are subject to the sole aproval of the Board of Governors. The successor to the Membership shall execute all necessary papers and pay all allocation fees required by the Club. Membership does not confer any ownership of the Club's property or assets. Payment of Membership Account Payment of account is due on receipt of the monthly statement.
Applicant agrees to pay the account when due.
Applicant agrees that the Club may assess a late charge for past-due accounts as provided in the Bylaws of the Club, as amended from time to time. Payments on delinquent accounts apply first to reduce late charges and accrued dues, then to food and beverage charged, then to any other charges. Dues and other Club charges are considered luxuries under all applicable laws. Applicant agrees to pay all reasonable attorney fees, investigator fees and costs in the event this account is turned over for collection. The Membership card shall remain the property of the Club at all times and must be returned to the Club on demand.