hostile take over
This is a discussion on hostile take over within the Other Nonprofit Law Issues forum, part of the NONPROFIT LAW & FUNDRAISING category; we are a not for profit club we have a 11 member board and 6 people resigned they are soliciting ...
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#1 |
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Guest
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we are a not for profit club
we have a 11 member board and 6 people resigned they are soliciting general members to remove the 6 existing board members so they can return and have total control of the board of directors. is this legal can they do this? our bylaws say the remaining board members can appoint the vacant seats. we have filled 2 of the seats as one of the remaining board members i fell it is our job to protect the general membership and organization. is there anything legal we can do to stop them? thank worried board member |
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#2 |
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Top Level Member
Join Date: Feb 2007
Posts: 802
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You can review your election rules and make sure the members know what you are doing. If you hold a meeting sooner rather than later it may be easier to make changes before everybody becomes focused on this.
The Board rules might also be altered to strengthen your positions--have a corporate lawyer review it as well. |
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