In order to encourage the development of the applications of wave mechanics to the study of molecular phenomena, an International Academy of Quantum Molecular Sciences is founded.

The existence of the Academy is unlimited. The headquarters are in MENTON, France.

The purposes of the Academy are entirely scientific and exclude all social, political or commercial activities.

The Academy is composed of persons chosen amongst the scientists of all countries who have distinguished themselves by the value of their scientific work, their role of pioneer or leader of a school and have most contributed to the advancement of quantum molecular sciences.

The Governing Body of the Academy includes the President, the Vice-President and three other members.The members of this body are chosen amongst the members of the Academy during a meeting of the Academy.
The elections are held by secret ballot. For the first two rounds the absolute majority is necessary for election, for the third round a relative majority is sufficient.
The term of office for members of the Governing Body is three years.

New members of the Academy are chosen by the existing members. Each election involves the following steps:

1. Prior to the Academy meeting the President prepares a list of candidates for election based on the written proposals of the members of the Academy, accompanied by supporting documents.

2. At each election session the Governing Body decides the maximum number of new members which may be elected at that session.

3. A vote is held for the nomination for election. In order to be nominated, a proposed candidate must receive an absolute majority of the votes of members of the Academy present at the meeting. The voters inscribe at most as many names on the voting list as there are available places. New rounds of voting are held until the number to be elected is nominated or no majority is achieved for any further nominee after three consecutive votes.

4. A final vote is held for the election. The required majority is two thirds of votes of the members present at the meeting. If the number of the nominees is smaller or equal to the number of available places, the vote is unique, each member being able to vote for as many of the nominated candidates as he wishes. If the number of the nominees is greater than the number of available places, the voters inscribe at most as many names on the voting list as there are available places. The vote stops when all the available places are filled up or when no two third majority is obtained on any name after three consecutive votes.

The Academy meets at least once a year. Elections to the Governing Body and of new members can only take place during a meeting of the assembly of the Academy.

1) The candidate should be 40 years old or less on the first day of January of the year the decision is made;

2) The candidate should be the author of one or more highly original papers which have an evident importance for Quantum Molecular Science.

The recipient is chosen by the same procedure as that followed for the election of new members. The prize winner can use the title of Laureate of the International Academy of Quantum Molecular Science.

The members of the Academy can on important occasions wear the insignia of the Academy. This insignia is made up of the letter psi attached to a ring which suggests a delocalized bond and is worn as a tie with a ribbon made after the colors of the city of MENTON.

These statutes can only be modified by a vote of two-thirds of the votes of the members who vote. Vote by mail is permitted.