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  1. #1
    Munster Berserker
    Join Date
    Feb 2009
    Location
    Ireland


    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

  2. #2
    Munster Dog of War
    Join Date
    Nov 2006
    Location
    Ireland
    No idea but it certainly looks like the kind of thing I'd be getting legal advice on...

  3. #3
    Munster Berserker
    Join Date
    Dec 2006
    Location
    Ireland


    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.

  4. #4
    Luke Fitz's Agent
    Join Date
    Jun 2009
    Location
    The Banner
    \"There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness\".
    Dalai Lama

  5. #5
    Munster Praetorian Guard Ruck Savage's Avatar
    Join Date
    Jan 2008
    Location
    Back behind bars
    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.
    "Majority rule only works if you're also considering individual rights. Because you can't have five wolves and one sheep voting on what to have for supper." - Larry Flynt

  6. #6


    Quote Originally Posted by Ruck Savage
    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.
    4 Feb 2011 - Gilmore on the General Election

    "Frankfurts way or Labours way."

    28 Feb 2012 - Gilmore on a yes vote for the fiscal treaty

    "A vote for economic stability and a vote for economic recovery."

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