Guest Herewegoagain Posted January 22, 2020 at 01:02 PM Report Share Posted January 22, 2020 at 01:02 PM Can a non board member be a signatory on the bank account? Are there legal ramifications for the board? Thank you Quote Link to comment Share on other sites More sharing options...
Atul Kapur Posted January 22, 2020 at 03:08 PM Report Share Posted January 22, 2020 at 03:08 PM RONR only says that non-members can be officers unless the bylaws say otherwise. No legal advice given here. Quote Link to comment Share on other sites More sharing options...
Richard Brown Posted January 22, 2020 at 03:28 PM Report Share Posted January 22, 2020 at 03:28 PM Agreeing with Dr. Kapur, RONR has nothing to say about who should or should not be a signatory on a bank account. Quote Link to comment Share on other sites More sharing options...
Guest Herewegoagain Posted January 22, 2020 at 09:26 PM Report Share Posted January 22, 2020 at 09:26 PM Thank you both Quote Link to comment Share on other sites More sharing options...
anon Posted January 23, 2020 at 08:43 PM Report Share Posted January 23, 2020 at 08:43 PM If the question relates to a condominium or homeowner's association you may want to dig a little deeper into your governing documents to determine what the actual requirements are. There may be more than one type of bank account required for different funds and each of these can have differing signature requirements. It is common for a managing agent (who is not an association member) to have access to operating funds, in which case no members of the association will be given access. While two members of the Board must sign checks for reserve funds kept in a separate account the managing agent does not have access to. Violations of your governing documents would be a legal matter and banking institutions are keen to this so you could also speak to a bank representative for more information. Banks will normally require a written document from the association to provide account signature authorization before opening the account. Quote Link to comment Share on other sites More sharing options...
Joshua Katz Posted January 24, 2020 at 03:22 AM Report Share Posted January 24, 2020 at 03:22 AM To be clear, nothing in anon's answer above is in RONR, and nothing is within the scope of this forum. I'm not saying it is or isn't accurate, just that none of it concerns parliamentary procedure. Quote Link to comment Share on other sites More sharing options...
anon Posted January 24, 2020 at 08:49 PM Report Share Posted January 24, 2020 at 08:49 PM 17 hours ago, Joshua Katz said: To be clear, nothing in anon's answer above is in RONR, and nothing is within the scope of this forum. I'm not saying it is or isn't accurate, just that none of it concerns parliamentary procedure. Agreed. I guess I should have pointed that out myself. Some of the reach-outs for information on this forum beg for a broader perspective in order to apply a reasoned approach to RONR implementation when using real-world examples. Others more learned in parliamentary requirements have pointed to additional questions that should be asked when considering how to apply RONR - especially if that means looking beyond parliamentary guidance. I do appreciate the intention of this forum to stick to its scope though. Thanks for the reminder. I'll work on that. Quote Link to comment Share on other sites More sharing options...
Joshua Katz Posted January 25, 2020 at 02:49 AM Report Share Posted January 25, 2020 at 02:49 AM 5 hours ago, anon said: Some of the reach-outs for information on this forum beg for a broader perspective in order to apply a reasoned approach to RONR implementation when using real-world examples. I agree with this. It is important, though, not to give the impression of giving legal advice, or making statements that likely vary from state to state. Quote Link to comment Share on other sites More sharing options...
Atul Kapur Posted January 25, 2020 at 05:20 AM Report Share Posted January 25, 2020 at 05:20 AM And also to recognize that when one strays away from RONR, one is likely also making many assumptions that may or may not be true in the questioner's situation and therefore may very likely be inaccurate or misleading. Or just out-and-out wrong. Quote Link to comment Share on other sites More sharing options...
Rob Elsman Posted January 25, 2020 at 04:39 PM Report Share Posted January 25, 2020 at 04:39 PM I remember the day when someone used to reach out over the Internet and paddle those who strayed beyond the scope of this forum. Just saying. 😁 Quote Link to comment Share on other sites More sharing options...
anon Posted January 26, 2020 at 12:59 PM Report Share Posted January 26, 2020 at 12:59 PM Points well taken. Except for the paddling, which I appeal on the grounds of cruelty. Quote Link to comment Share on other sites More sharing options...
Recommended Posts