Sounds elegant in its simplicity, but is it acceptable in terms of 
accounting practice?  Do all jurisdictions allow un-incorporated 
organizations to open accounts?  If the answer to those questions is 
yes, then this might solve one of our problems.  The next problem is a 
bigger one:  we don't have any money in NCSG.....:-)  Here is hoping Sam 
can solve that one for us.

Stephanie Perrin
On 2016-07-04 20:10, Ron Wickersham wrote:
> On Mon, 4 Jul 2016, Sam Lanfranco wrote:
>
>> As Chair of the NCSG finance committee I see our remit as doing the 
>> research to identify best practices here, identify
>> the pluses and minuses of different strategies, and placing that 
>> information on the table for all to see, and some to use.
>>
>> It is possible to set up an unincorporated entity account in a 
>> Canadian bank,
>> with full services across currencies, and with two signatures for 
>> disbursal of funds.
>> The handicap there is the need for individual physical bank visits to 
>> change signing authority.
>
> Hi Sam,
>
> Could you consider the strategy of each new Treasurer to set up an 
> account
> that is convenient in his or her circumstances (travel, citizenship, 
> local
> banking laws, etc.) and that as soon as that new account is ready to 
> accept funds, all the money in the old account is transferred to the new
> one?
>
> This means that there is no longer the requirement of an "eternal" 
> account
> in the name of NCSG where control of that account is transferred, which
> as you point out has some big issues if someone distant takes over the
> responsibilities of Treasurer.
>
> In the absence of any bylaws or formation documents that preclude this
> approach, it seems to me that the NCSG process that selects the Treasurer
> could also approve this method of conducting the Treasurer's business.
>
> -ron