A collegiate chapter that does not hold an induction ceremony for three (3) consecutive years shall be considered to be not functioning and will be placed on probation for a period of one (1) year. If the chapter fails to hold an induction ceremony during the year of probation, the Board of Governors may declare the chapter inactive by a majority vote. The Board, by a majority vote, may at any time reactivate the chapter upon application from faculty and administration of the school or college.