Blog Posts in 2016

Understanding Bank Accounts to Avoid Unintended Beneficiaries

Have you ever known anyone who added a family member onto their bank account in order to allow them to pay bills? If so, there is a good chance the account was set up in a way that will prevent it from being distributed according to their estate plan. When you pass away, most people assume that their assets will be distributed according to a will or trust; however, a person’s last wishes can be ...

Amendments to Michigan's Nonprofit Act Alter Rule for Remote Attendance at Meetings by Shareholders, Members, and Boards of Directors

In March 2015, the Michigan Legislature amended the Nonprofit Corporation Act by enacting Public Acts 557, 558, and 559 of 2014. These amendments changed many different aspects of the Nonprofit Corporation Act, and as a result, some of the more nuanced amendments have not been brought to the attention of many nonprofit entities. One of the most overlooked changes is the alteration of the rule ...

Michigan Amendments to the Nonprofit Corporation Act

In March 2015, the Michigan Legislature enacted several laws, namely Public Acts 557, 558, and 559 of 2014, which amended the Michigan Nonprofit Corporation Act. The amendments found in these Acts have the potential to impact the corporate governance of all kinds of nonprofit organizations, from charitable organizations to public school academies. To help assist you in determining how the amended ...