{"id":22,"date":"2009-08-11T09:48:59","date_gmt":"2009-08-11T13:48:59","guid":{"rendered":"http:\/\/mainecondo.com\/blog\/?p=22"},"modified":"2009-09-28T07:39:18","modified_gmt":"2009-09-28T11:39:18","slug":"number-of-directors","status":"publish","type":"post","link":"https:\/\/mainecondo.com\/blog\/?p=22","title":{"rendered":"Number of Directors"},"content":{"rendered":"

Is there a rule or regulation regarding the number of Board of Directors a Condominium Association must have to remain a non profit entity?<\/span><\/strong><\/p>\n

\n

If the condominium was formed after January 1, 1983, then the condominium association is required to be a Maine Nonprofit Corporation. \u00a0The Maine Nonprofit Corporation Act requires all Maine nonprofit corporations to have at least three directors.\u00a0\u00a0 The association is required to file an annual report to the Maine Secretary of State each year listing the directors, and if there aren\u2019t at least three names listed, the Secretary of State may not accept your annual report and your status as a nonprofit corporation may be threatened. \u00a0I don\u2019t know what the practical consequences of that are.\u00a0\u00a0 Be aware that non-profit does not mean tax exempt.\u00a0 Condominium associations may be liable for income taxes in certain circumstances.<\/span><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Is there a rule or regulation regarding the number of Board of Directors a Condominium Association must have to remain a non profit entity? If the condominium was formed after January 1, 1983, then the condominium association is required to be a Maine Nonprofit Corporation. \u00a0The Maine Nonprofit Corporation Act requires all Maine nonprofit corporations […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,13],"tags":[],"class_list":["post-22","post","type-post","status-publish","format-standard","hentry","category-factoids","category-questions-from-bloggers"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22"}],"version-history":[{"count":5,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/22\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/22\/revisions\/40"}],"wp:attachment":[{"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mainecondo.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}