SusanS9 (California)
Posts: 56
Posts: 56
Posted:
Does Davis Stirling have any guidelines for which members of the Board or officers can sign checks? If not, is granting of signature done by a vote of Board members? Or President decides?
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Check Signature Authority
Started by SusanS9 • 2 replies • 1467 views
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RichardP13 (California)
Posts: 1,767
Posts: 1,767
Posted:
Susan
Check Signing authority in our Association resides in our Bylaws.
Check the below Civil Code as it refers to have two signatures when withdrawing funds from the reserve account.
Civil Code §1365.5. Financial Duties of Board; Reserve Transfers.
Check Signing authority in our Association resides in our Bylaws.
Check the below Civil Code as it refers to have two signatures when withdrawing funds from the reserve account.
Civil Code §1365.5. Financial Duties of Board; Reserve Transfers.
SteveM9 (Massachusetts)
Posts: 3,699
Posts: 3,699
Posted:
Just a side note...... banks don't check signatures even if you require 2 signatures. They just needs 1 signature.. from anyone.
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