Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

union and union funds

View previous topic View next topic Go down  Message [Page 1 of 1]

1 union and union funds on Sat Jul 30, 2011 9:33 pm

ram007


Arresto Menor
can you guys help me out on these 2 questions. thanks!

can a union use union funds for profit like trade in the stock market, venture in capital enterprise etc?

may a union in a company undergoing corporate rehabilitation enter into a contract with another company to utilize its temporarily out of work members and where by union gets to keep 10% of fees and charges to pay union expenses.

View user profile

2 Re: union and union funds on Thu Aug 11, 2011 9:29 pm

isellnutson


Arresto Menor
I used to be a union steward but my union never entered into such transaction.

Get a copy of your union by laws and read carefully the articles that deals with union funds purpose. Also, your union must distribute a monthly statement of funds receivables, liabilities and expenditures signed by your union accountant. This is a must for transparency of your union officials.

View user profile

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum