North Carolina Administrative Code
Title 27 - STATE BAR
Chapter 01 - RULES AND REGULATIONS FOR THE NORTH CAROLINA STATE BAR
Subchapter A - ORGANIZATION OF THE NORTH CAROLINA STATE BAR
Section .1000 - MODEL BYLAWS FOR USE BY JUDICIAL DISTRICT BARS
Section 01A .1008 - DISTRICT BAR FINANCES

(a) Fiscal Year: The district bar's fiscal year shall begin on____________ and shall end on ____________.

(b) Duties of treasurer: The treasurer shall maintain the funds of the district bar on deposit, initiate any necessary disbursements and keep appropriate financial records.

(c) Annual financial report: Each ________________ before the annual meeting, the treasurer shall prepare the district bar's annual financial report for review by the board of directors, if any, and submission to the district bar's annual meeting and the North Carolina State Bar.

(d) District bar checks: All checks written on district bar accounts (arising from the collection of mandatory dues) that exceed five hundred dollars ($500.00) must be signed by two of the following:

(e) Fidelity bond: If it is anticipated that receipts from membership fees will exceed twenty thousand dollars ($20,000.00) for any fiscal year, the district bar shall purchase a fidelity bond at least equal in amount to the anticipated annual receipts to indemnify the district bar for losses attributable to the malfeasance of the treasurer or any other member having access to district bar funds.

(f) Taxpayer identification number: The treasurer shall be responsible for obtaining a federal taxpayer identification number for the district bar.