Legal Question in Business Law in New York
A NY NOT FOR PROFIT CORP: all volunteer, recreational group who maintains trails in a recreational area, hosts cross country ski races for fundraising, is being sued in a personal injury case. we recieve money from the state and federal gov in the form of grants to maintain, build, refurbish trails etc, and to purchase equipment for the same.Question: IF this case is decided in favor of the injured person can they take our grant money ?
1 Answer from Attorneys
My first question is whether or not you have any general liability insurance? If so, this would satisfy any judgement up to the limit of the policy. I am not licensed in NY, therefore I can only speak in general terms. A judgement can be satisfied by seizing any assets including any monies in the general treasury including grant money. If you have insurance, contact your agent about contacting a lawyer to represent you in this matter.
Good luck!
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