September 16, 2011 to September 30, 2011
Lead Stories
Creditors May Sue Directors For Breach of Duty Before Bankruptcy
Court reverses trial court, allows case to proceed on claims of lack of good faith, fraud in deepening insolvency
Members of Sorority May Sue Directors for Breach of Duty
Court affirms dismissal of claim against foundation for lack of jurisdiction
Employee’s Stipulation for Dismissal Precludes Claim for Indemnification
Woman’s assault claim against nonprofit and employee was dismissed, along with all claims, “direct or indirect”
Nonprofit Law YOU Want to Know
We regularly feature answers to questions from readers in our “To the Point” column. The full list can be viewed on the site.
To the Point
Must dissolving nonprofit transfer assets to another charity?
If a nonprofit corporation dissolves and transfers/donates its net remaining assets to another charity, do the board members of the dissolving nonprofit get a tax deduction for the transfer/donation?
Lessons from Litigation
Tax Matters
Employment Law