I'm sorry, but that seems incredibly strange to me. It sounds like a Monty Python skit. "Why do you want to form a chapter?" "Because that's the only way to protect funds." "Why do you need funds?" "Because if we didn't have funds, the chapter wouldn't serve any purpose." "So what is the chapter going to do?" "Not sure yet, we need to set up the chapter in order to figure something out."
Good luck though, honestly. And I hope you don't take my last paragraph as rude. I know I'm exaggerating what you've said in this thread, and taking things a bit out of context.
Basically I'm going on faith at the moment. I have faith in the community to make good use of the work I and others are putting in getting the chapter set up. We haven't spent time doing anything to verify that faith, so perhaps I'm completely wrong and we'll end up with an empty shell that never does anything, but personally I think that's unlikely.
I this conversation rather strange, you seem to be talking as if this is a new idea. Plenty of other countries have chapters and make good use of them, if you want to know what chapters can usefully do you would be better of looking at them rather than asking us. We'll do pretty much the same things, just in a different country.