The Board of Directors, at any regular or special meeting, may grant lifetime or honorary memberships to those persons who have performed outstanding services for the NVSA or who have contributed substantially to the Standardbred industry. Such lifetime or honorary memberships shall entitle said persons to all of the privileges of membership and shall not require the payment of yearly dues.

All Founding Board Members are considered to be Lifetime Members and have the same rights as a Regular Member including voting rights.