From time to time, themes emerge in my practice. Lately, a recurring question has been why does a nonprofit corporation have to follow its articles and bylaws. Yes really. While its true that the sky won’t fall and you won’t necessarily be arrested on the spot, there are number of unsavory consequences that can flow [...]
Daily Dose of Nonprofit Law
Category Archives: Business Judgment Rule
Liability Protection for Directors and Officers of Arizona Nonprofit Corporations
In the last decade or so, directors and officers have faced an increased exposure to personal liability. While the bulk of legal actions have been against directors and officers of for profit corporations, judgments against and settlements by directors and officers of nonprofit corporations are increasing.
I am often approached by boards of public charities and [...]
