Article Archives >> Lead Stories >> August 16-September 15, 2008
Preview of Article:
Lack of Members’ Approval
Scuttles Sale of Facilities
Organization’s “survival plan” is ineffective
without compliance with state law and bylaws
The failure to follow the state nonprofit corporation law and an organization’s bylaws in obtaining members’ approval for the sale of substantially all of the group’s facilities has rendered the sale ineffective and scuttled a “survival plan” to save the organization. A Court of Appeals in Ohio has held that the sale is invalid without compliance with the procedural requirements. (Niehaus v. The Columbus Maennerchor, Ct. of App. OH, Tenth App. Dist., No. 07AP-1024, 8/12/08.)
Article Archives >> Lead Stories >> August 16-September 15, 2008
Sign up and receive FREE:
Weekly question and answer
Notice of each full edition
and its free stories
Report on 501(c)(3) electioneering
What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
