SignatoriesPolicy user: readonly
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Signatories Policy

Signatories Policy

  • Signatories to the account should not have the same residence, or be in a relationship.
  • Signatories must ensure all necessary approvals have been made prior to signing off on any cheque. Cheque request form should be filled out and attached to assist in providing information to signatories. Where the expenditure is over $100, signatory should have access to either the minutes or have witnessed meetings prior to signing any cheque. Where expenditure is $100 and under, approval to sign should be gained from Reeve and Seneschal prior to the signatory signing cheque.
  • Blank cheques are not to be signed by a signatory under any circumstances.
  • Signatories are not to sign cheques made out to themselves or their partners.
  • If any unusual requests for cheques to be signed, signatories are to contact the Seneschal and Reeve immediately. If the requests are made by the Seneschal or Reeve, then the Lochac Seneschal and Lochac Exchequor should be advised immediately.