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Control and investment of the society’s funds
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The rules must specify how the society’s money will be managed.
Rules should cover who
- has responsibility for the society’s cheque book
- can sign cheques,
- will maintain the financial records,
- will collect money owing to the society, etc.
If the society has surplus funds to be invested, the rules must specify the types of investments are permitted. Top
Last updated 2 October 2008
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