Organization and Operation of Non-Profit Corporations - Some General Considerations

To come now to my assigned topic, I propose to discuss some of the more general aspects of non-profit corporations under the following headings: Definitions, Purposes and Powers, Formation, Finance, Members. My observations will be based principally on the Model Non-profit Corporation Act and the recently enacted New York Not-for-Profit Corporation Law. The former has been adopted in some six or seven states and parts of it have been enacted in four other states.