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Corporate – Charitable Foundation – Derivative Action – Demand Futility – Direct Claim (access required)

Finley v. Brown (Lawyers Weekly No. 020-083-17, 18 pp.) (Louis Bledsoe III, J.) 2017 NCBC 78 Holding: The North Carolina Nonprofit Corporation Act still has the language that – in the pre-1995 North Carolina Business Corporation Act – was interpreted to mean that a demand on a corporation’s board of directors was unnecessary if such an ...

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