wallz Posted August 13, 2014 at 03:54 AM Report Share Posted August 13, 2014 at 03:54 AM If a by-law doesn't explicitly state it, can a president sign a legal contract on behalf of the board without their permission? Link to comment Share on other sites More sharing options...
Rev Ed Posted August 13, 2014 at 04:47 AM Report Share Posted August 13, 2014 at 04:47 AM No. The President only has the authority granted to him/her by the By-laws and/or a resolution of the Board. Link to comment Share on other sites More sharing options...
Transpower Posted August 13, 2014 at 12:53 PM Report Share Posted August 13, 2014 at 12:53 PM In my experience, the chair or president may disburse funds up to some small limit; for greater amounts, he must get approval of the board. Also, in most cases, two signatures are required--the president's and the treasurer's. Link to comment Share on other sites More sharing options...
Timothy Posted August 13, 2014 at 01:15 PM Report Share Posted August 13, 2014 at 01:15 PM It wouldn't necessarily have to be in the bylaws, but it must be authorized somewhere. In some cases, when the organization votes in favor of a contract they will also designate the people who will sign the contract. If the organization is incorporated, there may be something in state law that specifies who may sign a contract. Generally, I would think that the president and the secretary are the most logical choices, but wherever they get their authority, I would not expect that it would allow them to act without permission. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.