Question: Abandoned PTO

Hi. We are taking over a PTO whose kids all graduated. There is a completely new board. We are having a hard time getting the old board to sign over the check signers for the bank. Their schedule won’t ever work to meet up at the bank and they won’t close the account for the new board to open an account at a new bank. Is there a process to go through to just consider the old pto abandoned and take it over with the same federal tax id and all that? And not having to start from scratch and create an absolutely new entity?

Asked by Menifeevalleypto



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