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Revision History

LCO / The Government of the Order / Economic Administration / Administrative Procedure / Organisation of Administration

560

  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.
Ordination
In fieri:
No
Technice ACG 2019 Biên Hòa n. 426
Valere coepit:
Primo promulgata:

560

  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.
  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 person or institute to which it belongs.
  4. The bank must be chosen by the administrator himself with the consent of the superior.
Ordination
In fieri:
No
Definitive ACG 2010 Romæ n. 289
Substitutum:
Valere coepit:
Primo promulgata:

560

  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.
  2. 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 person or institute to which it belongs.
  3. The bank must be chosen by the administrator him self with the consent of the superior.
Ordination
In fieri:
No
Acceptata ACG 2004 Kraków n. 384
Substitutum:
Valere coepit:
Primo promulgata:

560

  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. 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 person or institute to which it belongs.
  3. The bank must be chosen by the administrator him self with the consent of the superior. To be determined by the statute of administration:
    1. how money deposited into banks may be withdrawn: money deposited in banks may be withdrawn only by checks signed at least by the superior and the administrator, together or separately, in accordance with the statute of administration.
    2. which brothers or administrators, jointly or singly, may sign.
Ordination
In fieri:
No
Acceptata ACG 2001 Providence 2001 n. 511
Substitutum:
Valere coepit:
Primo promulgata:

560

  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. 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 person or institute to which it belongs.
  3. The bank must be chosen by the administrator him self with the consent of the superior.
Ordination
In fieri:
No
Confirmed ACG 1968 River Forest n.
Substitutum:
Valere coepit:
Primo promulgata: