Where registra- tion of an organization is withdrawn, it shall cease to exist as an organization. No student who is under academic or social suspension from the institution shall be eligible to become, or maintain the status of, an officer of the organization. Each organization shall maintain a sound financial system related to the collection and disbursement of revenues in accordance with generally accepted accounting principles. An organization may be subject to audit by representatives of the institution at any time, and appropriate financial records shall be maintained for the pur- poses of audit. Except for routine meetings of the organization, no on-campus property or activity shall be engaged in unless approved by the Associate Dean for Student Life.
Prior approval is needed for off-campus programs and activities.
Prior to approval, The University of Memphis may require a specified number of officials or security officers for any event, activity or program. Any fund-raising activity on campus shall be for the benefit of the organization as a whole or a charity, and no funds shall be distributed to the officers or members of an organization for personal profit or gain. No guest speakers shall be invited to the campus except pursuant to policies of the Board and University of Memphis concerning off-campus speakers.