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Tifa
29th-August-2009, 10:41
Guys, any help or experiences to share, would be greatly appreciated.


We dont have grounds, we dont have any living trustees, have an exec and committee structure, were playing/training at local community field (ran by local GAA, so lots of hassle, even though our club was used as a way to get funding)


Have now located land to lease and eventually buy, need trustees to sign on the dotted line


So here's the question - WHY SHOULD I/ OR SHOULDN'T I become a trustee?


All information and experiences please, please as an informed decision has to be made here

markc
29th-August-2009, 11:57
No idea but it certainly looks like the kind of thing I'd be getting legal advice on...

blackandwhite
29th-August-2009, 14:24
AFAIK a Trustee signs up to be a guarantor for theclub. In the event that the club incurs large debts and the bank steps in, a Trustee can lose everything, house, savings etc.


As Markc said, get good legal advice.


Personally I wouldn't do it but your circumstances may be different.

John123
29th-August-2009, 14:29
http://archives.tcm.ie/irishexaminer/2009/02/18/story84768.a (http://archives.tcm.ie/irishexaminer/2009/02/18/story84768.asp) sp

Nuff said.

Ruck Savage
29th-August-2009, 15:03
I am a trustee of a club. We pay insurance to indemnify myself and
the two other trustees.

We are essentially three committee members who the members and
other committee members have entrusted the clubs affairs to.

Role essentially means that in the event of the club being sued it is
the three trustees who are named in the case - but we are insured
against this.

Other role is that a trustee must co-sign any cheques with the
Treasurer - that is in our club constitution.

McCloud
29th-August-2009, 21:31
I am a trustee of a club. We pay insurance to indemnify myself and
the two other trustees.

We are essentially three committee members who the members and
other committee members have entrusted the clubs affairs to.

Role essentially means that in the event of the club being sued it is
the three trustees who are named in the case - but we are insured
against this.

Other role is that a trustee must co-sign any cheques with the
Treasurer - that is in our club constitution.


Sums it up. You would also need a legal eagle to draw up the club constitution and ensure you as a trustee are covered.