RCU Forums - View Single Post - AMA byLaw
Thread: AMA byLaw
View Single Post
Old 10-11-2016, 01:39 PM
  #3  
init4fun
 
init4fun's Avatar
 
Join Date: May 2009
Posts: 4,359
Received 49 Likes on 43 Posts
Default

Originally Posted by fallenlacystar
Whats with AMA and the ByLaws. It says it's a 501C corp. Go on the AMA website and look up the Bylaws and the AMA rules. It looks like those bylaws were setup in the 1930's when AMA was formed. It's is a non profit org. But If AMA ever closes, it only has to give 10% to a charity. The board gets to keep the rest after they pay off all the bills, and it's totally legal. So they get to keep all the money we all put in, rather divide it up among the paid members.
I have every so often wondered how long the AMA will remain a 501C .