[Chapter-delegates] Bank Accounts was - deadline for admin funding
Alan Levin
alan at isoc.org.za
Tue Jul 14 03:43:55 PDT 2020
Hi,
regards this:
On Fri, Jul 3, 2020 at 5:23 PM Christine Saegesser via Chapter-delegates <
chapter-delegates at elists.isoc.org> wrote:
> This is not a typo. In most cases, a local legal registration is needed
> for the bank to be able to open a bank account in the name of the Chapter.
> However, in some countries it is possible to constitute a group that
> doesn’t need a legal registration in order to be able to open a Chapter
> bank account. In South Africa for example, it is possible to
> create "Voluntary Associations" that can open bank accounts in the name of
> their entity without any formal legal registration. Chapters who operate in
> a similar legal context are invited to reach out to us by contacting Stine
> Philipsen (philipsen at isoc.org) to discuss their particular case.
>
FYI, it took many many emails and escalations but this is what I think
really helped us in the end:
> Yes, very good. Based on this question, I actually found another very good
> academic paper on this here:
>
> https://himanigottasay.wordpress.com/2019/03/27/nonprofit-financial-and-legal-structures-in-the-%E2%80%8Bunited-states-and-south-africa/
> title: Nonprofit Financial and Legal Structures in the United States and
> South Africa
> It highlights the uniqueness of our laws in terms of non-profits and
> exactly how it relates to this.
I think it's a really interesting academic style paper... maybe helpful
for you all
aL
--
Alan Levin
----------------------------------
Internet South Africa - founding member
+27 21 4882820 (ddi)
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