Products tagged with 'california nonprofit corporation'

Use this easy template to prepare a set of bylaws for a California nonprofit corporation organized under the Nonprofit Public Benefit Corporation Law.

• These bylaws are for public benefit nonprofits that are created for specific purposes (e.g. charitable, scientific, educational, etc.). The organization's assets are irrevocably dedicated to public benefit purposes.
• The corporation is prohibited from engaging in any activity that would disqualify it from its tax exempt status under Section 501(c)(3) of the Internal Revenue Code.
• The bylaws set out:
  • the general and specific powers of the Board of Directors,
  • the duties and powers of each officer of the organization,
  • restrictions on number of "interested persons" on the Board,
  • process for electing, removing and replacing directors and officers,
  • how meetings will be called and held,
  • committee formation and meetings,
  • contracts with and loans to directors and officers,
  • indemnification and insurance of directors, officers and employees,
  • corporate records and reports,
  • prohibition against sharing profits and assets.
• This template is provided as a fully editable MS Word document.
• Intended to be used only in the State of California.