Karteikarten: Angling Clubs Legal and Organizational Guide — 10 Karten

Club Types — definition?

Proprietary: owned by individuals; Members' club: managed by members

Proprietary club — ownership?

Owned by individuals, has legal personality.

Property — ownership?

Jointly owned, held in trust by trustees

Members' club — legal status?

Managed by members; no separate legal entity.

Trustee duties — key?

Act in good faith, conform to trust, avoid personal gain

Trustees — role?

Manage property, sign conveyances, enforce rules.

Liability of members?

Liable only for subscriptions.

Clubs — sue or be sued?

Cannot; trustees liable for property.

Dissolution — asset distribution?

Assets divided equally unless rules state otherwise.

Tax exemption — when?

Usually exempt if non-profit.