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dkennedy, Attorney
Category: Business Law
Satisfied Customers: 6009
Experience:  JD degree, business owner
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Can the Founder of a non-profit take control of it again when

Resolved Question:

Can the Founder of a non-profit take control of it again when the Board is running it into the ground both financially and otherwise and not acting in a prudent manner?
Submitted: 6 years ago.
Category: Business Law
Expert:  dkennedy replied 6 years ago.

dklawyer :

Hello, There should be by-laws or operating rules for this non-profit which would spell out what powers the Board of Directors have, and what the procedure is for the situation you mentioned. If there is no set of by-laws, or rules, then the Board of Directors can vote to adopt a set of by-laws. There are some "boiler plate" by-laws that can be used and adapted to the specific non-profit involved.

dklawyer :

These non-profit corporations are registered with the state and as such, there are strict rules and so forth in order to remain tax exempt. One person cannot just do whatever they want to do.

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