This Statute regulates provisions of the name, headquarters, representation, goals and activities for the realization, achieving transparency of membership and membership fees, rights and obligations of members, internal organization, authorities, their composition, powers, decision-making procedures, conditions and manner of election and recall, term of office and responsibilities, assets and disposal of prospective profits, how to acquire property, termination of existence, and the procedure with property in the event of dissolution of Association of Certified Appraisers in B&H.