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 What happen if a golf and country club Cease its operation

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slazenger
enwee
poresia
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poresia
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PostSubject: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeTue Oct 15, 2013 6:23 pm

Wonder what will happen if a golf and country club land lease is up and the club decided to close?

Will the members get any $ back?

One of my friend told me that It was written in terms and conditions of a golf club membership that he bought that all remaining $ in coffers will be donated to charity when the club folds. 

I think so far, this question has not been discussed before.
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enwee
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeTue Oct 15, 2013 6:39 pm

I guess it come down to is it a members club or proprietary club. Members club, can said they want to do with it's sinking fund. Proprietary, member got no said.
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poresia
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeTue Oct 15, 2013 7:04 pm

Yes, I m referring to members club.
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slazenger
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeTue Oct 15, 2013 8:42 pm

your friend is right.
it depends on the club's constitution.

i know of one club where should it cease to operate, it is stated in its constitution that all $ will go to charity.
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asahi
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 8:02 am

Hmmm.....which club in question? 

Mind sharing....
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InTheHole!
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 8:39 am

Keppel Club
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poresia
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 8:41 am

my friend told me seletar too.
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slazenger
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 11:25 am

asahi wrote:
Hmmm.....which club in question? 

Mind sharing....
sure...seletar!
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paul@golf
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 3:11 pm

back then when seletar base golf club closed due to land acquisition (after i paid my annual due), no refund but i dont even know where e $ goes (i mean which charity organisation) lol!
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poresia
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeWed Oct 16, 2013 3:33 pm

Seletar Base? I thought that's term members only. missed that course!
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boboking
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitimeThu Oct 17, 2013 3:36 pm

Keppel is spending money doing some upgrading of the course so that the members can enjoy enjoy playing there in event they are not given a new site.
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PostSubject: Re: What happen if a golf and country club Cease its operation   What happen if a golf and country club Cease its operation I_icon_minitime

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