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Tractor Talk Discussion Board

Re: antique club board members can not be suided Whats u...


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Posted by PeterE on October 04, 2009 at 19:00:58 from (75.72.24.230):

In Reply to: antique club board members can not be suided Whats up with posted by NE IA on October 04, 2009 at 11:58:01:

I certainly agree that there are problems in trusting the opinion of any single lawyer. As John T notes, most liability issues are very complex.

I was on the board of a non-profit housing company for years. We had several low-rent apartment buildings, all owned by the company. One lawyer insisted that we should set up subsidiary non-profit companies for each building, so a big lawsuit at one wouldn't affect the others. They spent hours consulting on how to set up this new model and what a great idea it was.

Some of the board members wanted a second opinion, so we got a different law firm to come in. And, you guessed it, they told us that it wouldn't matter at all a bunch of little companies set up to protect the big one would be ignored by the courts.

I've been involved with a few groups, and my first concern is usually how the group/club is legally organized and then what insurance does it carry.


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