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A further requirement is that the members are not associated together for profit. This distinguishes an unincorporated association from a partnership. An unincorporated association emerges from contract, and without a relationship of contract there can be no association - so a group of friends are not an unincorporated association, no matter ...
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Non-profit organizations based in Chicago (2 C, 210 P) Pages in category "Non-profit organizations based in Illinois" The following 68 pages are in this category, out of 68 total.
The Illinois Compiled Statutes (ILCS) are the codified statutes of a general and permanent nature of Illinois. [ 1 ] [ 2 ] The compilation organizes the general Acts of Illinois into 67 chapters arranged within 9 major topic areas. [ 3 ]
In most states and territories in Australia, a similar set of laws allows not-for-profit associations to become legal entities with a limit to the liability of their members. An example of such a law, the Associations Incorporation Act 1985 that is in force in South Australia , allows for the creation of a legal entity able to buy and sell land ...
The Schaumburg-based Technology and Manufacturing Association represents more than 800 small businesses in Illinois. The group has joined a lawsuit against Illinois Department of Labor Director ...
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