Organisation of Administration

All money and capital goods of any kind, all income and expenditure must be recorded accurately in account books. Debits or any other financial obligations, as well as claims or credits, must also be clearly recorded in them.

§ I. – Every syndic or administrator must keep secure and orderly files. At the end of his term of office, he must give all records to his successor.
§ II. – Administrators appointed to a particular task must, once it has been completed, give all records to the respective syndic.

1. Entities of the Order are to define in their chapter legislation and/or statutes the proper procedures for financial operations (administration, safe keeping of valuables and negotiables, investments and banking) in a manner suitable to their local conditions (K, n. 384).
2. In each province ethical norms shall be established for the assessment and investment of monies. The prior provincial together with his council should see to this task, having consulted the economic council and promoter or provincial commission for Justice and Peace. Taking these norms into account, the provinces and houses should consider in which banks it is right to deposit their funds (cf. § III) and in which companies it is right to invest.
3. Only in banks of assured security may money be deposited and, in accordance with n. 555, it must be deposited in the name of the respective moral juridical person or institute to which it belongs.
4. The bank must be chosen by the administrator him self with the consent of the superior.

No brother may have a personal account in a bank except with the permission of except with the permission of the provincial or the master of the Order his superior; in which case the syndic another brother designated by the superior must also have the right to withdraw money.