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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. 

 

Last updated 25 September 2015