Disposing of Nonprofits’ Assets Is No Simple Task

By Kimberly Lowe, Shareholder, Avisen Legal P.A.

Disposing of assets of a nonprofit corporation, whether tax-exempt or taxable—or liquidating or dissolving such an entity—can be wrought with traps for those unfamiliar with the additional legal regimes and other considerations that overlay nonprofit organizations. Unlike their for-profit...

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About The Author

Kimberly Lowe is a shareholder at Avisen Legal, P.A., a boutique business law firm in Minneapolis. She serves nonprofit corporations throughout their life cycles. In addition to her legal practice, Lowe serves on Minnesota’s Nonprofit Business Corporation Act drafting committee and as a member of the American Bar Association’s Model Nonprofit Corporation Act drafting committee. She is also a Uniform Laws Commissioner.

Also in this edition

Troubled Nonprofits Face Unique Challenges

Planning Is Key to Treatment of Charities’ Endowment Funds in Bankruptcy

Inside the Mind of a Fraudster

Mission vs. Creditor Interests: Nonprofit Directors’ Fiduciary Duties

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