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<p><font size="+1"><font face="Lucida Grande">Sounds elegant in its
simplicity, but is it acceptable in terms of accounting
practice? Do all jurisdictions allow un-incorporated organizations
to open accounts? If the answer to those questions is yes,
then this might solve one of our problems. The next problem
is a bigger one: we don't have any money in NCSG.....<span
class="moz-smiley-s1"><span>:-)</span></span> Here is
hoping Sam can solve that one for us.</font></font></p>
Stephanie Perrin<br>
<div class="moz-cite-prefix">On 2016-07-04 20:10, Ron Wickersham
wrote:<br>
</div>
<blockquote
cite="mid:Pine.BSO.4.64.1607041703080.10576@mail.alembic.net"
type="cite">On Mon, 4 Jul 2016, Sam Lanfranco wrote:
<br>
<br>
<blockquote type="cite">As Chair of the NCSG finance committee I
see our remit as doing the research to identify best practices
here, identify
<br>
the pluses and minuses of different strategies, and placing that
information on the table for all to see, and some to use.
<br>
<br>
It is possible to set up an unincorporated entity account in a
Canadian bank,
<br>
with full services across currencies, and with two signatures
for disbursal of funds.
<br>
The handicap there is the need for individual physical bank
visits to change signing authority.
<br>
</blockquote>
<br>
Hi Sam,
<br>
<br>
Could you consider the strategy of each new Treasurer to set up an
account
<br>
that is convenient in his or her circumstances (travel,
citizenship, local
<br>
banking laws, etc.) and that as soon as that new account is ready
to accept funds, all the money in the old account is transferred
to the new
<br>
one?
<br>
<br>
This means that there is no longer the requirement of an "eternal"
account
<br>
in the name of NCSG where control of that account is transferred,
which
<br>
as you point out has some big issues if someone distant takes over
the
<br>
responsibilities of Treasurer.
<br>
<br>
In the absence of any bylaws or formation documents that preclude
this
<br>
approach, it seems to me that the NCSG process that selects the
Treasurer
<br>
could also approve this method of conducting the Treasurer's
business.
<br>
<br>
-ron
<br>
</blockquote>
<br>
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