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Proprietary Mentality And The New Non-Profit Corporation Laws, Howard L. Oleck
Proprietary Mentality And The New Non-Profit Corporation Laws, Howard L. Oleck
Cleveland State Law Review
New York's New "Not-For-Profit Corporation Law" statute is likely to increase the abuse of non-profit status by many persons who pretend to be governed by altruistic motives but who actually are motivated mainly by the desire to enrich themselves.-That is the unpalatable thesis of this paper.
Death Of Charitable Trust Corporation Law, B. Richard Sutter
Death Of Charitable Trust Corporation Law, B. Richard Sutter
Cleveland State Law Review
Since the subject of non-profit corporations covers such a broad area, this paper will be limited to "Type B corporations" (i.e., the "charitable" type) as described in the new New York Not-For-Profit Corporations Law. These classifications of the new statutory concept (Types A, B, C, D) look to the general purpose of the organization, rather than to a very specific purpose, or to whether or not stock is issued. The New York law further provides for the possibility of any corporation having multiple and overlapping purposes, thus providing a very rational and simple (though debatable as to policy) test to …