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Would a sole member clause in the bylaws be sufficient?

Legal Questions Answered

Can we pay pastor for church property?

Legal Questions Answered

Salary standards for nonprofit executives?

Legal Questions Answered

Should Pastor recuse from church board election?

Legal Questions Answered

May nonprofit volunteer review complaints?

Legal Questions Answered

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Most nonprofits don't spend a lot of time looking at their Bylaws until there is a question or a dispute. That's when you need bylaws that are clear and unambiguous, so your questions on how to proceed are already answered. That's when bad bylaws can lead to unnecessary controversies or even costly litigation. Nonprofit Issues editor Don Kramer will review your current or proposed Bylaws to see if they work for you.

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SAY THAT AGAIN?

May 30, 2025

The loan agreement says: “All contractual rates of interest chargeable on the outstanding Term Loans shall continue to accrue and be paid even after default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or occurrence similar or dissimilar.”

A former banker friend says that “any event or occurrence similar or dissimilar” is some lawyer “fancy talk” for “the kitchen sink!”

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Articles

Browse by Issue Date

Would a sole member clause in the bylaws be sufficient?

Can we pay pastor for church property?

Salary standards for nonprofit executives?

Should Pastor recuse from church board election?

May nonprofit volunteer review complaints?