Cohousing-L Mailing List: Re: Need Suggestions for complying with bank guidelines to opening cohousing bank accounts etc

[Sharon Villines (sharon]

On Apr 12, 2010, at 8:03 AM, Kristen Simmons wrote:

> We have these officers not just to satisfy the bank, but because of  
> the
> critical need for accurate records as we go forward.

This is very important. It is also important that they be able to act  
in emergencies.

As time goes by, the need for some central point of authority will  
become clearer. Someone has to take charge in emergencies, keep good  
records, and be legally responsible for the affairs of the  
organization. And they should be insured for liability. There is  
special insurance for board members of organizations and they should  
be responsible for decisions that may incur liability.

40-50 people aren't going to do that collectively, and if they all do  
it individually, you will have a mess.

What usually happens is that individuals do fill these roles but they  
do it by default and with no control by the group. There is no such  
thing as a leaderless group.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org