March 16-April 15, 2011

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Lead Stories

Exec Without Insurance When State Challenges Pay

Court says policy exclusion of claims for wages, benefits, precludes coverage

State-Dissolved Church Not Liable For Note Executed in its Name

Court says new corporation with same name was not authorized to enter into transaction

Donor Has No Recourse When Advised Fund Dissipated

Despite finding of breach of duty, donor could not prove damages

Donors Denied Deduction For Gift to Advised Fund

Loans for son’s college tuition showed failure to give up control
To the Point

Is this restraining order dismissal allowed?

One of our directors filed for a personal temporary restraining order against a member of our nonprofit corporation. The case was dismissed because neither party ever appeared in court. Now the director who brought the suit wants our Directors & Officers Insurance to pay his personal legal obligations. Can that be allowed to happen?