4-1-08 - Our club recently initiated the penny payment
system. This is working out great. One month one of the
member's check for dues got lost in the mail to our
brokerage. Is the Club responsible since the Club mailed
the check?

How should we handle this? Should the member stop payment
on the check and the Club reimburse her the bank fee?
Should she just write an additional check? What about the
valuation date?

We would appreciate it if you can describe how anyone else
has handled something like this and what is the correct way
to rectify it.

Thank you,
Doris
Moneta Investment Club