Answered: Can a religious corporation, apply for…

Business

Accounting

Can a religious corporation, apply for its dissolution without any valid reason?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter20: Corporations And Partnerships

Section: Chapter Questions

Problem 1DQ

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Help! True or false In case of conflict between the by-laws and the corporation code, the code shall prevail. (Explain why)
What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation?
What is not-for-profit corporation?
True or FalseIt is a well-established principle that the contents of the bylaws that contravene the Constitution and the laws of the land are deemed void; and that in case of contradiction to any of the provisions of the articles of incorporation, the By-Laws' provision/s shall prevail.
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Is the vote of the majority of the board also necessary for the approval of the by-laws of the corporation? or it is only applicable when amending the bylaws?
Under what circumstances can a CPA be paid on a commission basis? Why do you think the regulation impose these restrictions?
If there was a gift that would be transferred without restriction to another charity entity, how would a recipient for a not-for-profit entity record the receipt of that gift? Can the donor retain the right to revoke the gift?
Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.
Do the principles of natural justice apply to incorporated and unincorporated societies? – explain your answer
How would a recipient for a not-for-profit entity record the receipt of a gift that will be transferred without restriction to another charitable entity? What if the donor retains the right to revoke or redirect the gift?