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- W71285588 abstract "The has received little of the attention bestowed on its glamorous half-sister, the organized for profit. This fact has evidenced itself in less highly developed statutory treatment, fewer judicial interpretations, greater dependency on administrative fiat concerned more with preventing fraud and misuse of contributions than with developing new legal principles, paucity of creative writing by academicians, and something less than real concern for the problems of the on the part of the organized corporate bar. In the past, each of these conditions may have been wholly justified. The amounts of money involved have usually been modest, the legal issues were not earth-shaking, the aggregate number of persons involved was few, no great social, economic or political trends were involved and, through it all, legal fees were largely overlooked in the interest of public service. Times, however, are changing. Not only has the corporate entity, which has been the ugly duckling of the corporate field, been receiving the attention of the hometown boys in the form of charitable minded groups and wealthy philanthropists (the latter most interested when she is dressed up in her foundation) but she is now attracting the attention of the city fellers. They now appear in the form of state and federal governments. The latter groups, with what is claimed to be an unlimited source of funds, now see in our Nell the means by which their designs can be carried through and objectives reached. Nell is enjoying the attention but her old friends wonder they wonder whether with her present lack of sophistication she has what it takes to do what is being thrust upon her. Let us now translate this little allegory into the language of the law. First, the term non-profit corporation requires explanation. In fact, if the reader can get by the explanation of the term which is the subject of this article, he may find the article interesting. It might first appear that the operations of this type of must involve expenses equal to or in excess of the receipts so that no profit results. Many corporations would, in fact, fulfill this requirement. Many of the classic types of corporations are of this type. The charges to their members or to the public are set so as to preclude a net profit. Although many such corporations operate with-" @default.
- W71285588 created "2016-06-24" @default.
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- W71285588 date "2016-01-01" @default.
- W71285588 modified "2023-09-23" @default.
- W71285588 title "THE NON-PROFIT CORPORATION- A NEGLECTED STEPCHILD COMES OF AGE" @default.
- W71285588 hasPublicationYear "2016" @default.
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