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Minutes. Minutes, also known as minutes of meeting (abbreviation MoM ), protocols or, informally, notes, are the instant written record of a meeting or hearing. They typically describe the events of the meeting and may include a list of attendees, a statement of the activities considered by the participants, and related responses or decisions ...
A board of directors (commonly referred simply as the board) is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the ...
Meeting (parliamentary procedure) According to Robert's Rules of Order, a widely used guide to parliamentary procedure, a meeting is a gathering of a group of people to make decisions. [1] This sense of "meeting" may be different from the general sense in that a meeting in general may not necessarily be conducted for the purpose of making ...
The Model Nonprofit Corporation Act (MNCA) is a model act prepared by the Nonprofit Organizations Committee of the Business Law Section of the American Bar Association. [1] The MNCA is a model set of statutes governing nonprofit corporations proposed for adoption by state legislatures. Many of the default procedures of the MNCA are different ...
501 (c) (3) organization. [1] A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [2] in the US.
t. e. United States non-profit laws relate to taxation, the special problems of an organization which does not have profit as its primary motivation, and prevention of charitable fraud. Some non-profit organizations can broadly be described as "charities" — like the American Red Cross. Some are strictly for the private benefit of the members ...
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