Who can claim the proceeds after liquidating the church assets and paying off creditors? What about a religious ministry founded, headed and controlled by one individual?
It , like a church, is paid for by the contributions of many people, but is the founder entitled to the liquidated assets if the ministry ceases to operate - is dissolved?
2007-10-17
10:55:38
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1 answers
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asked by
Jay
3
in
Politics & Government
➔ Law & Ethics
If the minstry paid for land and buildings etc. with donated funds, could those asstes be in any other name than the ministry's and still be a legal nonprofit?
2007-10-18
12:01:26 ·
update #1