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What Liability Do Your Board Members Have?

Nonprofit corporations must have a Board of Directors that steers the organization and ensures that it remains in compliance with state and federal regulations. Board Members, or would-be Board Members, often ask whether they can be held responsible for the actions of the nonprofit. It’s important that each Board member realizes their duties and realizes there is the possibility for liability. There are several different layers of liability that a Board member should be aware of, which can be summarized as (1) corporate liability, (2) federal liability, and (3) general liability.   First, Board members are the governing body of a nonprofit...

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