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Basic but Important Considerations for Corporations—Both For-Profit and Non-Profit: Understanding Director and Officer Liability Insurance

Written By Gavin B. Parsons and Amy H. Wooten

Insurance commonly referred to in the insurance industry as "directors and officers" or "D&O" insurance is insurance that is payable to directors and officers of a corporation, or to the corporation itself, as indemnif…

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Virtual Meetings for Nonprofit Corporations: During the Post COVID-19 Era

Written By Matthew A. Jones and Steven B. Long

The COVID-19 pandemic catapulted the new normal of virtual meetings into our day-to-day lives. In order to adapt to this new normal, nonprofit corporations are turning to their Board of Directors for leadership and direct…

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Making a Difference: Charitable Trust Planning

Written By Jennifer V. Boyer

The past few years have exposed a lot of needs in our communities, and many of us feel even more compelled to give back what we can. It seems more important now than ever to support worthy charitable organizations that ar…

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Faith-Based Organizations: Guidance for Eligible Paycheck Protection Program Loans

Written By Joanne H. Badr

Faith-based organizations, including houses of worship, and entities that provide services that are religious in nature, are eligible Paycheck Protection Program loan applicants as long as they meet all other requirements …

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Treasury Department Releases Vital Paycheck Protection Program Information

Written By William S. Durr

The much-anticipated CARES Act provided for the Paycheck Protection Program, which is meant to help small businesses both retain their employees and meet their rent and other operating expenses during the COVID-19 pandemic…

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Don't Jump Without a Parachute! Understanding Community Association Insurance Needs

Written By Adam M. Beaudoin

In the aftermath of Hurricane Florence, many Community Associations located in the Eastern part of the state had a rude awakening when they discovered they didn't have the right amount and/or proper type of insurance cover…

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In-House Counsel Seminar Insights: How General Counsel can Successfully Collaborate with Outside Attorneys

Written By Richard J. Crow

Three senior in-house attorneys discussed best practices for collaborating with outside counsel during a panel discussion at Ward and Smith’s 2018 In-House Counsel Seminar, with a focus on leveraging technology, cont…

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"We'll Just Kick Him Out!" Member Discipline and Expulsion in Private Clubs

Written By Ryal W. Tayloe

Most private country clubs and social clubs are nonprofit corporations governed by North Carolina's Nonprofit Corporation Act found in Chapter 55A of the North Carolina General Statutes. Specifically, N.C. Gen. Stat.…

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We Need a License To . . . Be a Charity?

Written By E. Knox Proctor V

Wait a minute!  Haven't we done everything we're supposed to do?  We've clearly defined our charitable mission.  We formed our non-profit corporation.  We got our 501(c)(3) determination letter from the…

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The I's Have It: Immunity, Indemnification, and Insurance for Nonprofit Directors

Written By Adam M. Beaudoin

There are many opportunities to serve on the board of a nonprofit corporation, whether a public charity, private foundation, home-owner association, trade association, or church.  Before joining a nonprofit board…

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