Legal Question in Business Law in Indiana
I've often wondered that with sooo many independent church ministries
� popping up all over the country... when an individual
� decides to start a 501(C)3 not-for-profit church organization,
� and it shows the name of the pastor as the CEO
� .. then his wife as .. Vice-President
� .. an their adult children .. as Secretary, ... Treasure, etc.
� .. and although the congregation
� may pay tithes, offerings, donations
� building fund contributions
� but, if the church goes "belly-up"
� due to loss of membership, .. people left, etc...
� in the end ... who ..r-e-a-l-l-y.. OWN the church property???
� .. and are the individuals listed as thee main CEO, etc
� able to sell the church property .. and keep the profits, funds??
� ... and wouldn't this scenario also apply to ...A-N-Y... independent Non-Profit Org
1 Answer from Attorneys
The answers to these questions would depend greatly upon what the documents provide, which would have been drafted at the founding of the organization. So, you start with the organizational paperwork, articles of incorporation, by-laws, etc. and go from there.
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