Multiple choice

The bank accounts shall be opened by secretary and executive director or

  1. any of the trustees

  2. the trustee having the authority from other trustees

  3. jointly by one or more of the trustees

  4. Any of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The bank accounts shall be opened in the name of trust and shall be operated by either the secretary and executive director or jointly by one or more of the trustees namely for and on behalf of the trust.

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