House Bank Account Policies
1. SIGNORS. The house Treasurer and the house Bookkeeper must be a signor on all house bank accounts.
- 1.a. A house vote is required to make any one else (other than the Treasurer and Bookkeeper) a signor on a house account.
- 1.b. The Bookkeeper is a signor for emergency purposes only and should not exercise any of the powers of the signor without house approval.
- 1.c. Associate members may not be signors on a house account.
2. OPENING/CLOSING ACCOUNTS. To open or close any house bank account requires a house vote. After a house vote, the house Treasurer will oversee the opening or closing of the account. Only the house Treasurer may open or close a new house bank account; other officers may not do this.
3. TRANSFERRING MONEY. Only the house Treasurer may transfer money between house accounts.
4. EMERGENCY. In case of emergency, a unanimously signed Board resolution may regain control of an account, remove a signor, and add a new signor.
(House vote, 12-9-2012.)