June 16, 2013 to July 15, 2015
Lead Stories
League Treasurer Gets 5 Years For Misusing Funds for His Own Business
Juror’s concern for “really good person” is not basis to overturn unanimous verdict
Expelled Member of Association Can’t Plead “Freeze-Out” or Retaliation
Former commander of Order of Purple Heart also loses on fiduciary duty, effort to disqualify counsel
Bankruptcy Court Discharges Church Officer on Mortgage Guarantee
Discharge denied for willful and malicious failure to return assets to Synod taking control of church
Ready Reference
Foundations May Be Source of Venture Capital
Their little-used power to make program related investments offers opportunity for creative financing of projects
To the Point
What's a reasonable time period for distributing funds?
When our 501(c)(3) organization raises funds and tells the public that we are going to donate to a specific cause, how long do we have to submit the funds to that charity? I am concerned by the length of time it takes when we are told that the Board has not decided how much more to contribute to that cause. I feel at least the amount raised should be turned over after the fundraiser within a reasonable time period.
Lessons from Litigation
Pastor’s contract extension does not violate bylaws
A Court of Appeals in Indiana has reversed a trial court decision that ordered a church to hold a general membership meeting to consider a contract extension for its pastor. The bylaws of the Mt. Olive Missionary Baptist Church provided procedures for se
Tax Matters