Nonprofit act definition

Nonprofit act means the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to 450.3192.

Nonprofit act means the Colorado Revised Nonprofit Corporations Act, COLO. REV. STAT. §§ 7-121-101 – 7-137-301, or the corresponding provisions in any successor statute.

Nonprofit act means Minnesota Statutes Chapter 317A, commonly known as the Minnesota Nonprofit Corporations Act.

Examples of Nonprofit act in a sentence

• The Board of Trustees are fiduciaries of the School Corporation and shall operate the School Corporation in accordance with the School Corporation’s Articles of Incorporation and Bylaws, in each case consistent with this Agreement and the provisions of the Act and the Nonprofit Act.

• The President shall have and may exercise such powers and perform such duties as may be assigned from time to time by the Board, and shall additionally have such other powers as described in the Nonprofit Act, unless specifically limited by the Charter Schools Act, these Bylaws, or specific resolution of the Board.

• Except as otherwise specifically defined or provided in these Bylaws, all terms used in these Bylaws shall have the same definitions as in the Nonprofit Act.

• Except as otherwise provided in the Nonprofit Act, the Articles, or these Bylaws, all corporate powers shall be exercised by or under the authority of, and the business and affairs of the Corporation shall be managed by, the Board.

• A Director who votes for or assents to a distribution made in violation of the Nonprofit Act or the Articles of the Corporation shall be personally liable to the Corporation for the amount of the distribution that exceeds what could have been distributed without violating the Nonprofit Act or the Articles if it is established that the Director did not perform the Director’s duties in compliance with the general standards of conduct for Directors set forth in this Article VIII.

More Definitions of Nonprofit act

Nonprofit act means the Colorado Revised Nonprofit Corporations Act, COLO. REV. STAT. §§ 7-121-101 – 7-137-301.

Nonprofit act means the Maine Nonprofit Corporation Act, M.R.S. Title 13-B.

Nonprofit act means the Colorado Revised Nonprofit Corporations Act, COLO. REV.STAT. §§7-121-101 – 7-137-3301, or the corresponding provisions in any successor statue.

Nonprofit act means the Colorado Revised Nonprofit Corporations Act, C.R.S. §§ 0-000-000 – 0- 000-000, as amended from time to time, or the corresponding provisions in any successor statute.

Nonprofit act means the Utah Revised Nonprofit Corporation Act, Utah Code Ann. § 16-61-101 et seq.

Nonprofit act means the Indiana Nonprofit Corporation Act of 1991, Indiana Code 23-17, as amended from time to time.

Nonprofit act means Utah Code §§ 16-6a-101 et seq., as amended or replaced from time to time.