One of club's partners has disappeared. all mail and
contacts for partner in thin air. What do I do now
Noah

I interpret your question to mean the member has vanished
and all skip-tracing efforts, including personal visit to
last known residence, contacting employer, known next of
kin, etc., to locate the person have be unsuccessful. As
treasurer, I maintain a list of non-spouse contacts for our
members, usually the personal representative (executor) of
their estate or successor trustee for a living trust, for
just this situation.

Once skip-tracing efforts is exhausted, I would wait the
time period specified in your partnership agreement for
number of missed meetings. Then I would then follow the
procedure to terminate the person's participation in the
partnership on the grounds of missing the meetings, and
process the withdrawal. Once I reached the point of paying
off the member, I would use the suspense account to
segregate the funds owed to the missing member.

I would then check with my state officials to learn the name
of the state agency that accepts escheated funds and the
length of time I have to hold the funds before I can turn
the funds into the state. When that time arrives, I would
write a check and send it to the appropriate state agency.

Jack Ranby, Treasurer
Grants Partners Investment Club