Flashcards : Angling Clubs Legal and Organizational Guide — 10 cartes

Toutes les cartes

1Question

Club Types — definition?

Réponse

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

2Question

Proprietary club — ownership?

Réponse

Owned by individuals, has legal personality.

3Question

Property — ownership?

Réponse

Jointly owned, held in trust by trustees

4Question

Members' club — legal status?

Réponse

Managed by members; no separate legal entity.

5Question

Trustee duties — key?

Réponse

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

6Question

Trustees — role?

Réponse

Manage property, sign conveyances, enforce rules.

7Question

Liability of members?

Réponse

Liable only for subscriptions.

8Question

Clubs — sue or be sued?

Réponse

Cannot; trustees liable for property.

9Question

Dissolution — asset distribution?

Réponse

Assets divided equally unless rules state otherwise.

10Question

Tax exemption — when?

Réponse

Usually exempt if non-profit.

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Teste tes connaissances avec un QCM de 10 questions sur Angling Clubs Legal and Organizational Guide.

1. What is the primary difference between proprietary and members' angling clubs?

2. What is a key difference between a proprietary angling club and a members' club?

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