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Originally Posted by CuteOldGuy
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The story said it was temporary. My question is why it takes them so long to get a community bank lined up. I can pick up the phone and get a banker on the line in about 30 seconds to open up a bank account with $20,000. Of course the fact that it's an unincorporated association may cause some problems, but a decent lawyer could fix that quickly.
I don't know what California laws are on UA's. The only stick point would authority to sign checks. Seems like the bank would have a solution for that, however. Failing that, it seems like a half hour legal research project at tops to find the law.