An equity-owned club, Highland Country Club is open for membership as an equity member or an equity share designate. And the following three levels of membership are available:
∗ Regular Membership – Full membership including golf
∗ Junior Membership – Full membership including golf for those under the age of 35
∗ Non-Resident Membership – Full membership including golf for those who do not live in Troup County or the surrounding counties for at least six months out of the year
Option 1: Equity Member – Prospect must purchase an existing share from the current owner. Pricing could range from $6,000 to $8,000 per share, depending on what the owner paid for the share. The price is negotiable between the buyer and the seller. The sale/membership must be approved by the board of directors. Upon approval, the new owner/member must activate the share immediately and begin paying monthly dues at one of the three levels previously listed. The Club has a list of shares currently offered for sale.
Note: Equity Members have full voting rights.
Option 2: Equity Share Designate – No share purchase is necessary for this level of membership. The prospect simply fills out an application with sponsors (existing members) and submits it to the office for review and approval by the board of directors. Upon approval, an existing share from a multi-share owner is assigned for use by the prospect. The prospect simply activates that share by beginning to pay monthly dues at one of the three levels previously listed. This allows a prospective member to join at no upfront cost. The Club has many shares available for this type of membership.
Note: Equity Share Designates do not have voting rights – that right remains with the owner of the share.