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There's a fraternity on my campus that lost their charter last spring. They're now operating "underground" and are not recognized by the University. The organization is now referred to by their old chapter letters rather than by their former fraternity letters.
On a similar note, there's also a Lambda Chi Alpha interest group. They are recognized by the University, but are not allowed to use those letters. The student organizations office registers this interest group as "Lambda Chi Organization."
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