Nonprofits

Nonprofit wizards say this all the time: Update your bylaws.

That’s good advice.

They describe the nonprofit’s bylaws as its “roadmap” or its “playbook.”

Also true.

Here’s what I have to add.

The bylaws are not the bottom line. The determinative bottom line will always be the statutes that govern the organization. Because…they are the law. (For example: in New York, the Not-for-Profit Corporation Law; in Wisconsin, the chapter entitled Nonstock Corporations; in Maine, the Nonprofit Corporation Act.)

Those
Continue Reading Nonprofit Bylaws: Can Your Board Answer the ‘Why’ Question?