The exclusive objectives of the Association are to advance the science of ichthyology by stimulating interest in and encouraging study of freshwater livebearing fishes, including the families Poeciliidae, Anablepidae, Goodeidae and Hemirhamphidae; to gather information concerning livebearers; to publish a journal on a regular basis containing original and other educational articles covering livebearers and their maintenance and breeding; to provide a means for exchange of information among individuals; to further the preservation of livebearers through both conservation of their natural habitats and an ongoing program of breeding and maintenance of individual livebearer species and varieties; and to provide a means for the purchase, sale and exchange of livebearers by individuals.

This corporation is organized exclusively for scientific and educational purposes within the meaning of Section 501(c )(3) of the Internal Revenue Code.

No part of the net earnings of this corporation shall ever inure to or for the benefit of or be distributable to its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the exempt purposes for which it was formed. No substantial part of the activities of the corporation shall be for the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under section 501(c )(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or (b ) by a corporation contributions to which the deductible under section 170(c )(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code.