Keep the account active by making updates to signature cards or any paperwork
A student group account is considered abandoned if It has no activity for one year or more, or no updates are made to the signature card or to any paperwork for one year or more.
The Center for Student Involvement will close the abandoned account and assess a service charge of $100.00 or 10%, whichever is greater.
If an account signer cannot be contacted, The Center for Student Involvement Director will close the account and move the balance into a Deposits Held in Custody account.
After one year, the balance will be completely forfeited.