Private Inurement. No part of the net earnings of the Trust shall inure to the benefit of any private person.
Private Inurement. No part of the net earnings of the LLC shall inure to the benefit of, or be distributed to any persons other than its Members, except that the LLC is authorized and empowered to pay reasonable compensation for services rendered.
Private Inurement. No part of the Company’s net earnings may inure to the benefit of or be distributable to its Managers, officers, or private persons, except, however, that the Company shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the Company’s purposes as set forth in this Agreement. Furthermore, no Manager, officer, or private person shall be entitled to share in the distribution of, and shall not receive, any of the Company’s assets upon dissolution, except as provided with respect to the distribution of funds in furtherance of the Company’s purposes as set forth in this Agreement.
Private Inurement. No part of the income or principal of the Corporation shall inure to the benefit of, or be distributed to, any director or officer of the Corporation or any other private individual, except as permitted by § 501(c)(3) of the Internal Revenue Code.
Private Inurement. No part of the net earnings or capital of the Company shall inure to the benefit of any private person or organization other than the Members.
