August 16 - September 15, 2004

Welcome to Our Online Edition

The following newsletter articles are available to subscribers or for individual purchase. Non-subscribers can read the previews or subscribe.

Volunteer Directors Not Liable
To Entity For Breach of Fiduciary Duty

Statutory immunity except for “harm to the person”
means harm to an individual, not an organization

Full Article (free)


In Uniform Management of Institutional Funds Act

Bankers, Bar ask for more time to consider
sweeping changes to law governing endowments

Free Preview | Full Article

Mississippi Hospital System Agrees
To Settle Uninsured Patients’ Claims

Resolution requires refunds and reduced rates plus adoption of Sarbanes-Oxley provisions and conflict policies
Free Preview | Full Article

Risk & Reward
The Board’s Role in Risk Management
Preview | Full Text

Issues Notes
Thursday with the Editor, August 26, 1:00 ET
Have a pleasant end of summer

To the Point

I want to spend the rest of my life creating and directing musical choral ensembles. Is a nonprofit organization the way to go?

Answer (free)

Lessons from Litigation  Full Article

  • Bankrupt charity entitled to trust distribution
  • Director not indemnified as plaintiff
  • Nonprofit that squandered money in suit must pay more
  • Shut-down overrides bar against moving resident of home

Tax Matters Full Article

  • IRS “announces” compensation scrutiny
  • Property exempt partly as home and partly as place of worship

Employment Law Full Article

  • How broad is “ministerial exemption” for church employment?

Say That Again? (free)

 


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