• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $23 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

State Not for Profit Corporation Law vs. Timeshare Bylaws

S

SLBrooklyn

TUG Member
Joined
Jan 24, 2020
Messages
15
Reaction score
0
Resorts Owned
Hotel de la Monnaie
There is a conflict between my timeshare's bylaws and the state's not for profit laws concerning the percentage of vote needed to amend the bylaws and the Articles of Incorporation. Also, the state law allows the BOD to amend the bylaws without the shareholders' input. Which prevails, the not for profit law or the timeshare bylaws?
 
ausman

ausman

TUG Member
Joined
Jun 6, 2005
Messages
1,772
Reaction score
188
Location
New England
How would you show that a not for profit corporation exists.? Does the IRS recognise it.? What language in the articles of incorporation apply. How has it operated historically. Which state was it incorporated in if different from the timeshare location.

If a true non profit exists I would imagine state law prevails, but of course this is merely opinion.
 
You must log in or register to reply here.
Top