Mutual benefit nonprofit corporation
- Mutual benefit nonprofit corporation
In the United States, a mutual benefit nonprofit corporation or membership corporation is a type of nonprofit corporation chartered by a state government that exists to serve its members. It cannot obtain federal 501(c)(3) non-profit status as a charitable organization. [ [http://www.sec.state.vt.us/tutor/dobiz/forms/definitions/mutben.htm Mutual Benefit Corporation ] ] [http://www.sos.ca.gov/business/corp/pdf/articles/corp_artsnp.pdf]
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