Resident Director Is Validly Elected After Community Ceases to be a CCRC
Although legal requirement no longer applies, nonprofit properly followed its articles and bylaws
Although a nonprofit corporation ceased to operate a continuing care retirement community and was no longer legally required to elect at least one resident of its continuing care retirement community to its board of directors, a resident elected director is still properly seated when elected pursuant to the corporation’s articles and bylaws, the Supreme Court of Nebraska has ruled. (Skyline Manor, Inc. v. Rynard, Supreme Ct., NE, No.
The full text of this article is available to paid subscribers only. Login or subscribe to read more