Hi all,
I am a frequently reader but rarely post. Our club is 22
years old and is on a downward spiral. I thought we were
going to disband at our last meeting but everyone wants to
"let it ride." This means, they want to leave the money in
the club, and just let it grow. Is this possible? I'm happy
to continue the treasurer role (honestly, less work without
contributions) but can we have a club without active
meetings/management? What would be the minimum management
that we can expect? Should we just respond to issues that
come up via email? Is that enough? Has anyone else dealt
with this? Thanks in advance, Kimberly
Anat Spector on
I am the treasurer of our investment club. We started in 1998 and now hold all of out meetings using free teleconference.
some of our members are snow birds and some are traveling through out the world.
Except for minor loss of wifi., it has been great asset to our club . Most members attend monthly and submit dues before the meeting
Hi all,
I am a frequently reader but rarely post. Our club is 22
years old and is on a downward spiral. I thought we were
going to disband at our last meeting but everyone wants to
"let it ride." This means, they want to leave the money in
the club, and just let it grow. Is this possible? I'm happy
to continue the treasurer role (honestly, less work without
contributions) but can we have a club without active
meetings/management? What would be the minimum management
that we can expect? Should we just respond to issues that
come up via email? Is that enough? Has anyone else dealt
with this? Thanks in advance, Kimberly
John Rice on
I believe that you are fine legally. There is no law that I know of that requires a certain amount of meetings per year. I assume that you are fine as long as you keep communication open so that anyone in the group can bring up an issue and is discussed.
Hi all,
I am a frequently reader but rarely post. Our club is 22
years old and is on a downward spiral. I thought we were
going to disband at our last meeting but everyone wants to
"let it ride." This means, they want to leave the money in
the club, and just let it grow. Is this possible? I'm happy
to continue the treasurer role (honestly, less work without
contributions) but can we have a club without active
meetings/management? What would be the minimum management
that we can expect? Should we just respond to issues that
come up via email? Is that enough? Has anyone else dealt
with this? Thanks in advance, Kimberly
John Rice on
On second thought. You have to go by your partnership agreement/by-laws so make sure that you change your documents to reflect what you want to do.
I believe that you are fine legally. There is no law that I know of that requires a certain amount of meetings per year. I assume that you are fine as long as you keep communication open so that anyone in the group can bring up an issue and is discussed.
Hi all,
I am a frequently reader but rarely post. Our club is 22
years old and is on a downward spiral. I thought we were
going to disband at our last meeting but everyone wants to
"let it ride." This means, they want to leave the money in
the club, and just let it grow. Is this possible? I'm happy
to continue the treasurer role (honestly, less work without
contributions) but can we have a club without active
meetings/management? What would be the minimum management
that we can expect? Should we just respond to issues that
come up via email? Is that enough? Has anyone else dealt
with this? Thanks in advance, Kimberly
ira smilovitz on
I would suggest the club consider drafting an addendum to their PA, signed by each member, indicating the change in operating procedures (that is, suspension of regular meetings) and establishing new procedures for addressing issues that arise such as a sudden change in market direction.
I believe that you are fine legally. There is no law that I know of that requires a certain amount of meetings per year. I assume that you are fine as long as you keep communication open so that anyone in the group can bring up an issue and is discussed.
Hi all,
I am a frequently reader but rarely post. Our club is 22
years old and is on a downward spiral. I thought we were
going to disband at our last meeting but everyone wants to
"let it ride." This means, they want to leave the money in
the club, and just let it grow. Is this possible? I'm happy
to continue the treasurer role (honestly, less work without
contributions) but can we have a club without active
meetings/management? What would be the minimum management
that we can expect? Should we just respond to issues that
come up via email? Is that enough? Has anyone else dealt
with this? Thanks in advance, Kimberly