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Section 1.    PMI-SNC is responsible to the duly elected PMI Board of Directors and is subject to all PMI policies, procedures, rules and directives lawfully adopted.

Section 2.    The Bylaws of PMI-SNC may not conflict with the current PMI Bylaws and all policies, procedures, rules or directives established or authorized by the PMI Board of Directors, as well as with PMI-SNC Charter with PMI.

Section 3.    The terms of the Charter executed between PMI-SNC and PMI, including all restrictions and prohibitions, shall take precedence over these Bylaws and other authority granted hereunder and in the event of a conflict between the terms of the Charter and the terms of these Bylaws, the PMI-SNC shall be governed by and adhere to the terms of the Charter.

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