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 find it hard to believe that the EC can keep 90% of the assets if the AMA is dissolved. I "skimmed" the by laws more than once and haven't seen anything like that. I may of course missed that.
Mike