Rochester Illinois | 30 years ago I belonged to a small non profit organization. We disbanded, as members got older and I was sec- treasure. At the time in mid 80's when we quit meeting we had a bank account of a couple thousand dollars. It stayed in the local bank savings acct for 30 years. Each year they would add a couple dollars interest. Last year as I closed things out at that bank I moved this account to another bank across town. During the year I wrote 2 checks $250 each as memorial gifts for 2 guys that had died who were former members. This was approved by couple others I talked to before doing it. Recently a lady from the bank called and said she needed a copy of minutes from out last meeting. That was in 1985 like that was going to happen. She then said, she would have to have receipts showing where the money went. I have never heard of such. I can get them with no problem, just never heard of it from a bank. |