Nonprofit Law YOU Want to Know
We regularly feature answers to questions from readers in our “To the Point” column. The full list can be viewed here . Here are a few questions recently received from readers. How can founder be protected? The CEO of a nonprofit (which she started) is applying for 501(c)(3) status and is formulating a Board. She wants the bylaws to preclude the Board from terminating her since she is the "founder." Can this verbiage be legitimately incorporated in the bylaws? Is that an acceptable practice? --From the Website. I am planning on starting up a nonprofit organization for a youth project for at-risk youth; I will be the founder. May I serve on the Board of Directors as President and also as the...
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