4.3 i) Enter into contract; ii) Acquire and dispose of movable and immovable property; iii) Sue and be sued; iv) Borrow funds subject to any applicable restrictions imposed by foreign exchange regulations in force in a Member State; v) Mortgage or charge its property; SADC Member States shall recognise the establishment of RETOSA as a legal entity and an institution of SADC and therefore accord it the appropriate legal status in terms of the SADC Treaty and in accordance with the provisions of any related SADC legal instrument. ARTICLES RETOSA MEMBERSHIP 5.1 MEMBERSHIP CATEGORIES 5.1.1 Full membership of RETOSA shall comprise registered and nationally recognised private sector umbrella organisations and national public sector tourism authorities operating in Member States. 5.1.2 Associate Membership shall comprise fee paying members accredited in SADC countries, namely:private sector, public sector or any organisation primarily involved in tourism in a Member State. 5.1.3 Mfiliate Membership shall comprise fee paying members registered and operating in non-SADC countries. 5.2 MEMBERSHIP APPLICATION 5.2.1 Written requests for membership shall be submitted to the RETOSA Secretariat Every application shall state the title, nature and activities of the organisation (or individual) seeking membership andwhere applicable,shall include a copy of the applicant's Code of Conduct or Memor.andumand Articles of Association. Membership matters shall be directed to the Executive Director in the first instance. 5.2.2 Membership shall become effective from the first day of the month following approval of an application and clearance into the RETOSA bank account, of due fees. 5.2.3 Any membership fee, due and payable but not that referred to in Article 5.2.5 herein, shall be established in accordance with the terms of the by-laws of RETOSA as amended from time to timeand shall be payable on, or before, the first day of the month in which membership becomes effective and, annually thereafter on anniversary dates unless otherwise cancelledin writing. 5.2.4 In the event that membership is not approved, written notification of such decision g1vmg r-eason therefore, shall be submitted by the Executive Director of RETOSA to the applicant who 3