Chapter 21 Growth by Accretive Action and Dissolution
This chapter is about growth and decline by acquiring another nonprofit to make a new larger organization or getting rid of one (a divestiture) or by changing the character of the corporation form a nonprofit to a for-profit or the reverse (a conversion). These types of transactions are not uncommon, but they present significant hurdles that the nonprofit manager has to be aware of before engaging such thoughts. Moreover, these transactions invariably involve active scrutiny by federal, state and local governments and other agencies listed in Chapter 2.
In this chapter, the word “corporation” and the word “business” are used because it is the nonprofit as a corporation (the corporation) that ...
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