Statutes of 
the INL-Iceland

Art. 1.

The name of the League is Þjóðræknisfélag Íslendinga. The League’s seat and venue are in Reykjavik.

Those individuals, organizations or companies who wish to work on the goals of the INL-Iceland can become members.

Persons can become Honourary members due to exemplary achievement in strengthening relations between descendants of Icelandic settlers in North America and Iceland.  Appointment of Honourary members is to be  announced at the annual general meeting.

Art. 2.

The aim of the INL-Iceland is to strengthen the unity and cooperation between Icelanders at home and abroad, as well as contacts with people of Icelandic decent outside of Iceland.  The INL-Iceland will work towards stronger ties with the INL in North America in accordance with a special co-operation agreement.

The INL-Iceland has close ties with the INL and other organizations of people of Icelandic descent in North America.  The INL-Iceland will work towards reciprocal cultural events, convey information, establish visitors programs, respond to inquiries from individuals in North America as well as acting as a hub for efforts aimed at strengthening ties between the countries.  The INL-Iceland will work toward increasing the understanding of official bodies as well as private companies on the importance of close-knit ties with the Icelandic settlement regions in North America.

The Chairman of the INL-Iceland and a representative appointed by the INL will annually produce a plan for the co-operation and present it to the board for approval, as well as undertaking the implementation of the plan.

 Art. 3.

The General Assembly of the INL-Iceland shall be held before the end of November each year.  It shall be announced in the media with at least 10 days notice and is considered legal if this prerequisite is met.  The General Assembly has final decision powers in all INL-Iceland matters.

The General Assembly's itinerary shall be as follows:

a.  Calling to order, election of chairman and minute writer.
b.  Report of the Board.
c.  Audited accounts.
d.  Altering of Laws.
e.  Election of Board, vice-board and auditors.
f.   Other issues.

Any proposal for alteration of the laws shall be presented at a board meeting at least three weeks prior to the General Assembly and sent to the members along with the invitation to the general assembly.

For alterations to be valid they must receive 2/3 of votes cast.

Only members who have paid their membership fees have voting rights during the General Assembly.

Art. 4.

The Board shall manage all matters between general assemblies and shall consist of:

Chairman and Vice-Chairman, separately elected.

Three board members for main board, thereof one representative of West-Icelanders, elected together, and three members of vice-board, also elected together.

The Board will determine the responsibilities of its members.

Art. 5.

Two auditors and one reserve auditor shall be elected.

Art. 6.

The fiscal year shall be from 31 October to the same time the following year.  The membership fee shall be decided during the General Assembly.

Art. 7.

The board can establish a three-member implementation commission appointed from within the board and the INL-Iceland's chairperson should in such cases be its chairperson as well. The board can hire employees if needed.

Art. 8.

If necessary, the board can appoint a representative from the INL-Iceland to become a member on the board of other organizations or committees, to attend meetings or congresses, where the agenda contains issues of interest or relating to the interests of the INL-Iceland.

Art. 9.

If the INL-Iceland should be dissolved, a special meeting on that issue should be advertised in the same manner as if it were a general meeting. All property of the League shall then be handed over to the Ministry of Education for safekeeping. In ten years time the Ministry can dispose of the property of the INL-Iceland in the interest of issues considered closest to the aims of these laws. If a new organization, operating in the spirit of these laws, is established within 10 years of the dissolution of the INL-Iceland, then the properties of the INL-Iceland shall go to that organization.

* * *

With these laws, the old laws of the INL-Iceland dating from 9 April 1947 with later amendments shall cease to apply.

Amendments made at the Annual General Meeting, Nov. 6, 2004.