Corporate Practice Portfolio Series: Nonprofit Corporations

October 24, 2016 Articles
Bloomberg BNA

California nonprofit corporations fall into three categories: Nonprofit Public Benefit Corporations, Nonprofit Mutual Benefit Corporations and Nonprofit Religious Corporations. Although each of the three types share common traits, the California Corporations Code contains significant distinctions as to the rights and obligations of directors, officers and members of each. This chapter generally discusses formation and operation of nonprofit corporations in California.