Practice question
A treasurer leaves office after managing union funds. He has not accounted for receipts, disbursements or remaining property since his last report. He argues that his departure ends every accounting duty and that members may rely on a verbal statement that nothing is missing. Which is best?
- Vacating office is one of the express occasions requiring the responsible officer’s true and correct accounting; a verbal assurance does not supply it
- Departure automatically cancels all accounting obligations
- Only the next treasurer must account for the predecessor’s acts
- Members have no interest in remaining property
- A personal promise defeats the statutory requirements
Legal references
- Labor Code Article250(l)[241(l)]: https://lawphil.net/statutes/presdecs/pd1974/pd_442a_1974.html
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