Like any corporation, a nonprofit has a board of directors to make important policy decisions, officers (president, treasurer, and secretary) who primarily oversee and manage the day-to-day operations of the organization, and possibly employees to do the work. Unlike regular corporations, however, nonprofit corporations do not have shareholders or owners. Although a nonprofit corporation can choose to have members who have voting rights, many nonprofit corporations decide not to adopt a membership structure and, in the interests of efficiency, leave the decision making up to the directors. If a nonprofit does opt for a membership structure, the members participate in major corporate decisions. Specifically, the members have the exclusive right to elect directors, amend articles and bylaws, and vote on a merger or dissolution of the corporation.
Membership Certificate of Non-Profit (Non-stock) Corporation (Name of Corporation) Membership Certificate Certificate No. ______ Subscription fee $___________ This is to certify that (Name of Member) is an enrolled member of (Name of Corporation), a nonprofit corporation organized and existing under the laws of (Name of State), and as such member has the rights, privileges, duties, and obliga
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