Articles
Governance—A Tale of Good Intentions
A Classic by Carol Henn, former E.D. of Lehigh Valley Community Foundation
Court Protects Restricted Assets From Creditors on Dissolution
Museum’s restricted collection may be sold subject to continuing restrictions under “quasi cy pres” doctrine
Is Exec Entitled to Advanced Legal Costs In Suit by Employer for Theft?
Court must make independent review of known facts before denying advance
Language of Trust Allows School to Contract
Court looks to IRS Regulations to determine definition of “regular” enrollment of students
Directors, Officers Not Personally Liable To Creditors for Closing Nonprofit Home
Court finds no evidence of bad faith or fraud in actions leading up to bankruptcy filing
Deferred Charitable Gift Annuity Excluded from Bankrupt’s Estate
Court says arrangement qualifies as spendthrift trust under Uniform Trust Code
Courts Say Will Does Not Direct Specific Use of Gift to University
Money left for separate women’s “college” at Tulane may be used for women’s “institute” after reorganization