I.   Introductory Provisions

Delinquency is the deliberate and willful failure of one who occupies an Office, or holds a Commission to perform their prescribed duties and obligations without lawful excuse. Thus Delinquency is not only a Default of some solemn agreement, but a deliberate act of maldadministration and the repudiation and revocation of the powers and authority of such Office and Commission.

The word Delinquency comes from the Latin word delinquo meaning “I fail in my duty; I am wanting; lacking; I transgress, offend”.

Only a person who occupies an Office or holds a Commission can be declared Delinquent in relation to Default against the obligations of such Office.

A person cannot be declared Delinquent upon some claimed Office or Commission of Fiduciary Capacity if such Office was not made by them under Oath or Vow, or such Commission accepted in writing.