Re: Packard International Fiduciary Issues

Posted by PackardV8 On 2012/10/15 6:36:49

Quote:
"investment account" held by P.I. that contains over $200,000."

AND

"... revoking their charter (which has been held since 1974)..." (2012 - 1974 = 38 years).

ok. lets do a little arithmatic on this:
$200K/38 years = $5200/year. If average dues over 38 years = $15.00/year then that averages about 350 members for every year since 1974 including ALL members of every region.

So that mite answer where the $200K has come from???? Or did the $200K come from somewhere else?????

Of course it also begs the question as to how much money is in each REGIONS investment account. If such a Region Investment Acount exists then where does that money go to upon divorcement from the NAtional board???