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URL:  http://boards.fool.com/mike-thanks-heaps-for-your-time-and-suggestions-27987159.aspx

Subject:  Re: withdrawals-quit or die?? Date:  9/24/2009  9:37 PM
Author:  jojomeep Number:  7244 of 7258

Mike,
Thanks heaps for your time and suggestions. I have the sample agreement and it will be useful for sure. Our biggest question surrounds what rules should be in place to control partial withdrawals. We've been operating since 2002 and are just fine with full withdrawals (members leaving the club). Some of our members don't want to buid up a big pot in the club and others (like me) are perfectly happy to let it ride. For those that want to occasionally take some out (or need the cash for emergencies maybe) what should the rules be? Once a year max? 50% max of what they have in? How long has your club been in existance and has there been any withdrawal "behavior" that has become problematic? I can see that the fee would act as a brake on excessive withdrawing.
All thoughts appreciated.
JoAnn
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