Jump to content
Home
Forum
Articles
About Us
Tapestry

Bankrupt And Being Chair


Recommended Posts

Posted

Would anyone know this?...

If you are a chair and you declare yourself bankrupt in your personal life, can you remain as chair, or does it mean you have to resign your post?

 

:o

Posted

Oh, and her husband is the treasurer, non signitory though, just the banker.

Posted

what does your constitution say??My guess is that if she has been declared bankrupt, then she will have to resign.It won't affect her husbands position unless he too, has been made bankrupt

Posted

I think if you run under the PLA constitution people who are undischarged bankrupts cannot hold officer positions, and maybe cannot be on the committee, but the last might not be true.

Posted

Surely there must be something written somewhere about two of the three key officer roles being taken by a husband and wife?. Isn't that a bit of a monopoly? And if you only needed two signatures on a cheque he and the Chair could be in Barbados by the weekend......

We rightly or wrongly thought that a husband and wife couldn't even both be on the committee together as it could lead to bias.

No idea where we got that from though.

 

What I do know is that I am becoming addicted to this forum......

Posted

would this be a question for the charity commission, if you are a charity of course..my thoughts are going to what you have to do and sign as a trustee for them on the annual return.

 

probably not covered in the constitution, but do know when we tried to change bank, could not because of the status of one of out signatories.. never did find out why but think it was a debt issue there..because of the way our account was checked by so many we never worried about it, but could bean issue..

 

Inge

Posted

We are a charity and have adopted the PLA constitution but I havent read it for years, not even the old version!

 

The treasurer is the chairs husband because he offered to be treasurer when no one else would, he doesnt sign cheques thats the chair and secretary, but soon to be me instead of chair I think. Actually, apart form showing a bank statement at meetings I'm pushed to know what he does do.

 

It would be a shame if they couldnt even stay on the committee, the chair especially has been great and has done a really good job, I know the playleader has always felt supported by her.

 

I'll look at the charity commission site.

Thanks everyone :o

Posted

could you check with your development worker she should know or be able to find out for you? would save you lots of time and also ensure that what you know is relevant to you and your group.

Posted

Thanks blondie, I was trying to find out without our name being known first just in case the bankrupcy doesnt happen. But I'll bear the DW in mind. :o

Posted

Quote from the Charity Commission website re- who are disqualified from acting as Trustee:

 

"Generally speaking anyone who is 18 years or over can be a trustee. However, certain people are legally disqualified from continuing to be, or from becoming a trustee. Obviously this will only effect a small minority of people. People who are disqualified are those who

 

have been convicted at any time of any offence involving deception or dishonesty, unless the conviction is legally regarded as spent; or

are undischarged bankrupts; or

have made compositions or arrangements with their creditors from which they have not been discharged ..."

 

 

And from the PLA website "If more than one parent/carer from the same family wishes to become trustees and stand on the committee, then they can do so if one is nominated under their family membership and the other applies to the trustees for affiliate membership with the charity.

 

Sometimes having two members of the same family on the committee may affect committee procedures, so the trustees will need to review this at the first committee meeting. For example, if the two individuals were elected as Chair and Treasurer, it might be decided that a duplicate bank statement be sent to another trustee".

 

Hope this will be of help.

Posted

Yes thanks JPH it helps a lot.

I'll print that if you dont mind :(

 

 

Dont know why I didnt look for myself. Oh I do...everyone on here is so helpful! :oxD

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. (Privacy Policy)