Current Edition
April 16-May 15, 2011
Last Issue: March 16-April 15, 2011

Director Liable to Association
For Breach of Fiduciary Duty
Director-manager charged unauthorized fees,
used funds for personal benefit, falsified records
Full Article (free)

To Surviving Entity after Merger
Agreement and statute provide that all rights and property
of merged corporation vest in surviving corporation
Free Preview | Full Article

No "Professional” Standard of Care
To Find Negligence on Bike Tour
Court says safety standards are not outside
the common understanding of the jury
Free Preview | Full Article

Ready Reference Page No. 117
IRS Issues Procedures
To Recover Lost Exemption
Automatic revocation for failure to file returns
catches 275,000 nonprofits, though many defunct
Free Preview | Full Article

Issues Notes

• Webinar Schedule Announced
• Talk with the Editor, June 22

To the Point

Our Orchid Society provides education on orchid culture to our members and other clubs who request our service. We have applied for 501(c)(3) charitable and educational classification.  We have an annual orchid show and plant sale as our only fund raising event. Our members sell plants and supplies at this function and provide us with 20% of the sale proceeds. I've been told that this is wrong and it appears that we are organized to benefit the members. Will this affect our ability to get (c)(3) classification?
Answer

Lessons from Litigation  Full Article

• Charities keep names secret in Madoff case
• May young artists group discriminate against 60-year-old?
• Dissolved corporation may transfer contract rights

Tax Matters Full Article

• Another deduction denied for conservation easement
• Charity’s property leased to state not exempt

Employment Law Full Article
Not “hostile” to require parking before clocking in
Baby’s exposure to HIV is not a disability

Say That Again