HAMILTON-WENHAM REGIONAL SCHOOL DISTRICT

WENHAM, MA

D4023

DISSOLVING / INACTIVATING A CLUB OR AN ORGANIZATION

Class accounts are established to benefit students currently enrolled in the school district. Once a class graduates, the school district can no longer be the custodian of these funds. The District is no longer responsible for the money.

Before a student activity club disbands a decision must be made regarding the disposition of assets purchased by the club. The assets may be donated to another club, donated to the school or sold.  Cash or assets from a dissolved club that are left untouched for >365 days will become property of the School District.

Adopted: January 31, 2013

Reviewed: