Article IV.  Officers
Section 1.  Elective Officers. The Elective Officers of the Institute shall be the President-Elect, the President, and the Past President. Each Elective Officer shall serve for three years, occupying each of the three offices in turn for one year.

Section 2.  Administrative Officers. The Administrative Officers of the Institute shall be the Executive Secretary, the Treasurer, the Program Secretaries, and the Managing Editors.

Section 3.  Editorial Officers. The Editorial Officers of the Institute shall be the Editors of the scientific journals of the Institute, the IMS Bulletin Editor, the IMS Lecture Notes-Monograph Series Editor, and the IMS Web Editor.

Section 4.  Only Members of the Institute shall be eligible for election or appointment to any office.

Section 5.  The Institute shall not pay a salary to any Officer, Council Member, or Committee Member.

Article V. Council
Section 1.  The Council shall consist of not fewer than 15 elected Members in addition to the Officers of the Institute.

Section 2. Elected members of the Council shall be elected for terms of three years, the terms of approximately one-third of them terminating each year.

Section 3. In furtherance of the purposes of the Institute, the Council shall determine the policies and supervise the a airs of the Institute in accordance with the Constitution and with any By-Laws the Institute may adopt.

Article VII. Publications
The Annals of Statistics and The Annals of Probability, which supersede The Annals of Mathematical Statistics, Statistical Science and The Annals of Applied Probability shall be the scientific journals of the Institute. These and The IMS Bulletin comprise the official journals of the Institute. Other publications may be authorized by the Council.

Article VIII. Amendments
Section 1.  An amendment to the Constitution may be proposed by a two-thirds majority vote of the Council or by a petition signed by at least 2% of the Members of the Institute.

Section 2.  Proposed amendments shall be submitted through the Executive Secretary, who shall submit them within 60 days to the Members of the Institute for a mail ballot. Ballots will be counted if received within 45 days after the date of mailing by the Executive Secretary.

Section 3.  A proposed amendment shall require for its adoption a favorable vote of two-thirds of the Members voting.

Article I. Officers
Section 1.  Duties

Section 1.1.  The President shall preside at Council Meetings and at Business Meetings of the Institute.

The President shall chair the Executive and Officers Committees. The President, in consultation with the Past President and President-Elect, shall make appointments to all committee vacancies.

Section 1.2.  The Executive Secretary shall serve as recording secretary of the Council, the Executive and Officers Committees and of the Business Meetings.

Section 1.3.  The Treasurer shall oversee the receipt and disbursement of all funds of the IMS, shall ensure that proper accounts of all financial transactions are kept, and shall make an annual financial report to the Council. This financial report shall be audited by a Certified Public Accountant and presented to the Council within three months of the close of the fiscal year being reported upon.

Section 1.4.  The Program Secretaries shall arrange and coordinate all activities concerned with meetings of the Institute.

Section 1.5.  The Editor of each scientific journal shall exercise general supervision over all editorial affairs of the journal. The Editor may appoint a sufficient number and variety of Associate Editors, and with their collaboration, shall appoint referees. All appointments as Associate Editor terminate with the appointment of a new Editor.

Section 1.6.  The Editor of The IMS Bulletin shall exercise general supervision of the editorial affairs of that journal.

Section 1.7.  The Editor of the IMS Lecture Notes-Monograph Series shall supervise publication of appropriate manuscripts under guidelines established by the Council, and in consultation with the Publications Committee and the Treasurer.

Section 1.8.  The IMS Web Editor shall be responsible for developing and maintaining a formal IMS World Wide Web site in consultation with the Publications Committee and the Treasurer.

Section 1.9.  Each Managing Editor shall exercise responsibility over the production of those journals assigned to him or her. He or she shall collaborate with the Treasurer in negotiating the costs of publication.

Section 1.10.  The President, and each of the Administrative and Editorial Officers, shall submit an Annual report to the Council.

Section 2.  Tenure and Re-election

Section 2.1.  For the purpose of defining the terms of the Council or Administrative Officers, a year is the period from one Business Meeting to the next. For the Editorial Officers, a year is the calendar year.

Section 2.2.  Elective Officers are elected to serve a first year as President-Elect, a second year as President, and a third year as Past President. Elective Officers are ineligible for nomination to the Council for one year after leaving office.

Section 2.3.  Administrative and Editorial Officers shall have three-year terms and may not serve for more than six years. They are ineligible for nomination to the Council for one year after leaving office.

Section 2.4.  If the President is absent or incapacitated, the President-Elect shall act as President, or in case the President-Elect is also incapacitated, the Executive Secretary so shall act.

In the event of the incapacity of any Administrative or Editorial Officer, the Council shall appoint a successor for the unexpired term.

Incapacity shall be determined by the Council.

Article II. The Council

Section 1.  Five Members shall be elected to the Council by the Members of the Institute to serve for a term of three years. Vacancies in the elected Council occurring subsequent to an election shall not be filled for the unexpired term until the next election.

Section 2.  An elected member of the Council who has completed a three-year term on the Council shall not be eligible for nomination to the Council for one year following the term of office. [See also Article I of the By-Laws, sections 2.2 and 2.3, regarding officers.]

Section 3.  a) The Council shall meet at least twice a year.  b) Meetings shall be held on a least thirty days notice at the call of the President, or the call of any eight members of the Council.  c) Any member of the Council unable to be present may appoint a Member as proxy by writing to the Executive Secretary.  d) A quorum shall be a simple majority of the Council.

Section 4.  The Council shall elect the Administrative and Editorial Officers by majority vote.

Article III. Nomination and Elections
Section 1.  Nominations

Section 1.1.  The President, in consultation with the President-Elect and the Past President, shall appoint a Nominating Committee before the annual Meeting when he or she retires as President and shall announce their names at the Annual Meeting. This Committee shall submit to the Members, through the Executive Secretary, at least four months before the next succeeding Business Meeting at least one nomination for President-Elect, and a slate containing at least twice as many names as the number of anticipated vacancies on the Council.

Section 1.2.  Nominations may be made for President-Elect or for the Council by a petition signed by at least 20 members. Such nominations shall appear on the ballot if they are in the hands of the Executive Secretary at least four months before the Business Meeting. In any event, Members may vote for names in addition to those nominated.

Section 2.  The ballots for the Annual Election must be mailed to the members at least 90 days before the first day of the next succeeding Business Meeting. In order to be counted, ballots must be received from the Members at least 45 days before the first day of the Business Meeting. The names of the nominees for the Council shall be placed on the ballot in random order.

Section 3.  Candidates for Council receiving the five highest numbers of votes shall be elected to serve for three-year terms; those receiving the next highest numbers of votes shall fill any unexpired terms in order of length.

Article V. Certain Standing Committees
The President, in consultation with the President-Elect and the Past President, shall at the beginning of the year in office appoint one or more members to a three-year term (unless specified otherwise) on each of the following standing committees: 

a)  Publications. The Committee is responsible for determining general policy for all publications of the Institute. The Editors of the official journals shall be ex-officio members of the Committee.

b)  Selection of Administrative Officers. The Committee shall submit to the Council nominations for each office when vacancies occur.

c)  Selection of Editors. The Committee shall submit to the Council nominations for each Editor of an official journal when vacancies occur.

d)  Memorials. The Committee shall ensure that proper steps are taken to memorialize the death of distinguished mathematical statisticians and probabilists in an appropriate manner. The Committee, in conjunction with the appropriate Editor or program chair, is responsible for the selection of appropriate authors of memorial articles or organizers of program sessions, and for recommending the Council that an issue of a journal be dedicated to an individual deemed particularly deserving.

e)  Named and Special Invited Lectures. The Committee is empowered to arrange for papers of unusual interest to be given at regular meetings of the Institute by distinguished scientists. The Committee also recommends to the Council candidates for the Wald Lecturer, and in alternating years, the Neyman and Rietz Lecturers.

f)  New Researchers Committee. The Committee's responsibility is to assist the IMS in understanding and meeting the needs of new researchers, especially concerning publications and meetings. The Committee will also be in charge of organizing and running the New Researchers Conference, under the supervision of the IMS Program Secretary. The members of the committee will serve for three years. One of those members shall be designated as chair by the IMS President, in consultation with the New Researchers Committee and IMS Program Secretary. If needed, a Local Arrangements Chair for the New Researchers Conference will also be selected by the same process.

Article VII. Dissolution Statement
In the event of termination or dissolution of the Institute, the Council shall, after payment of all the liabilities of the Institute, dispose of all of the assets of the Institute exclusively for the objectives of the Institute, in such manner, or to such organization or organizations exclusively for charitable, educational, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) as the Council shall determine.  Any such assets not so disposed of shall be disposed of by the Court of Common Pleas of the County in which the principal office of the Association is then located, exclusively for such purposes or to such organization or organizations as said Court shall determine, which are organized and operated exclusively for such purposes.