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Legal liability

Asked almost 4 years ago - Seattle, WA

a group of hobbyists approached a WA State park to use a portion of the park for their activity. In 1990 a Non-Profit Corporation was formed. I believe that in the event of a incident, the officers of that corporation would be liable for damages. Should we not dissolve the Corporation, and form a different entity protectiong unpaid officers?

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Attorney answers (2)

Theresa Petrey

Reputation Level 8

Answered almost 4 years ago. Probate Attorney in Ellensburg, WA.

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There are some statutory protections for corporate officers. The articles may also give additional protection. You should review this with an attorney well versed in formation of non-profit corporations.

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David L. Carrier

Reputation Level 15

Answered over 3 years ago. Elder Law Attorney in Grand Rapids, MI.

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With any corporation, you want to have the maximum indemnification for the corporate officers possible, because, as you know, corporate officers or board members are not protected from liability in the same way that shareholders are protected.
The appropriate course of action in your case should be determined only after consultation with a lawyer (internet fill in the blank websites are not lawyers) and a thorough consideration of the factors that relate to your situation.

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