Corporate issues for nonprofits, including the new Chapter 156D advising a nonprofit from inception to windup

Cover of: Corporate issues for nonprofits, including the new Chapter 156D |

Published by MCLE in [Boston, Mass.] .

Written in English

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  • Massachusetts.


  • Nonprofit organizations -- Law and legislation -- Massachusetts.,
  • Corporation law -- Massachusetts.,
  • Corporate governance -- Law and legislation -- Massachusetts.

Edition Notes

Book details

Other titlesAdvising a nonprofit from inception to windup
StatementRichard C. Allen, chair ... [et al.].
ContributionsAllen, Richard C., 1946-, Massachusetts Continuing Legal Education, Inc. (1982- )
LC ClassificationsKFM2611.Z9 C66 2004
The Physical Object
Paginationxii, 256 p. :
Number of Pages256
ID Numbers
Open LibraryOL3315950M
LC Control Number2004111677

Download Corporate issues for nonprofits, including the new Chapter 156D

The Massachusetts Legislature has enacted a new Business Corporation Act, found in Chapter D of the Massachusetts General Laws (the “BCA”). The BCA becomes effective on July 1, and applies to all existing business corporations, as well as those created on or after the effective date.

Chapter D here adds the new concept of conversion—similar to domestication—whereby an entity converts to a completely different form directly, and without merging into a different entity. §§ allow a domestic business corporation to be converted into either a domestic or foreign nonprofit.

Nonprofit corporations. Every nonprofit's tax guide, Nolo, "Turn to this book whenever you have a question about IRS rules or nonprofit compliance issues." Requires library card for access. Forming a nonprofit corporation in Massachusetts, Digital Media Law Project Outlines the steps to forming a nonprofit corporation in Massachusetts.

CHAPTER D. On NovemChapter of the Acts of (the including the new Chapter 156D book was enacted and will be more commonly known as Massachusetts General Laws, Chapter D. Chapter D is the New Massachusetts Business Corporation Act that will be effective July 1, and supercedes Chapter.

Section Bylaws Section BYLAWS (a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. Massachusetts Code - Chapter A — Section 7. Organization; content of articles of organization.

Section 7. One or more individuals, each of whom is licensed to perform a professional service, may organize a professional corporation by complying with Part 2 of chapter D. Chapter B: CERTAIN BUSINESS CORPORATIONS Section 1 Short title; Section 2 Definitions; corporation; articles of organization; Section 3 Application of chapter; Section 4 Rights and liabilities of existing corporations, directors, officers and stockholders; Section 5 Adoption of chapter by certain corporations created by special act; liability for debts; Section 6 State secretary; duties.

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Section Organization of corporation Section ORGANIZATION OF CORPORATION (a) The organization of the corporation shall be completed as including the new Chapter 156D book (1) The incorporator or incorporators may hold an organizational meeting before or after incorporation at the call of a majority of the incorporators at which by-laws shall be adopted and the initial directors, a president, treasurer and.

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The Pipestone County Historical Society, the main non-profit corporation under c3 is working on creating a chapter in another town in the county. your explanation on separate affiliated corp. sounds like the correct one for us.

just a question. I would assume the chapter will form a MN non-profit. Section Restriction on transfer of shares and other securities Section RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES (a) The articles of organization, bylaws, an agreement among shareholders or an agreement between shareholders and the corporation may impose restrictions on the transfer or registration of transfer of shares of the corporation.

Section Resignation of registered agent Section RESIGNATION OF REGISTERED AGENT (a) The registered agent of a corporation may resign his agency appointment by signing and delivering to the secretary of state for filing a statement of resignation.

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Chapter 14 provides in-depth coverage of accounting issues that are unique to corporations. The chapter begins with a discussion of the nature of the corporate entity, and its advantages and disadvantages. There are various types of stock, and each type has unique features.

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