To My Knowledge.
Houses of LXA Chapters are owned by Alum., House Corporations of said Chapters.
But, there are exceptions to this as it is by States Laws easier, to keep Chapters and Nationals out of Legal Manuveres in case of Risk Management.
My New House is financed by An Alum and Our Equaity is the Property that it is being built on.
LXA Has a Seperate Group that is called LCAP that has taken over Propertys to Rerent or even sell.
But if many of You dont actually realize, Most Nationals are cash poor. Expenses are extreme if You have any kind of Chapter Consultants or Office Staff.
Colonizing a New Chapter without a New House is @ $7,000-$8,000 Minimum.
If You try to put a new House in the Picture is out of the Square of going there.
And people think We just party and not run a Major Business.
I can not judge another GLO until all of the Facts are Presented.
It is like any other Group, there is the chance that someone has misused moneys.
