On Fri, Jul 13, 2007 at 03:43:36PM -0400, David Graham wrote: > As with any corporation, the purpose must be set out at its founding > and it is my understanding that this purpose cannot be changed.
This is entirely incidental to the main thrust of the discussion, but the corporate purposes can be changed. We would, however, have to follow the procedure for amending our articles of incorporation (and also our bylaws since the purposes are unfortunately duplicated there), then file the updated copies with New York and send them to the IRS to give them the opportunity to raise any problems that the new wording might introduce regarding our tax exemption. (No, we don't have to reapply, nor pay another IRS fee, but we do have to notify them in case they find an issue.) Of course, making any such amendment would require us to fix the same problems that are preventing us from reforming our bylaws (i.e. too many inactive contributing members making it effectively impossible to reach quorum in a member vote.) I see no need to amend the corporate purposes right now, anyway. - Jimmy Kaplowitz [EMAIL PROTECTED] _______________________________________________ Spi-general mailing list Spi-general@lists.spi-inc.org http://lists.spi-inc.org/listinfo/spi-general
