CHAPTER 11
 

PROCEEDINGS INVOLVING
NON-PROFIT CORPORATIONS

 

 
 
 
 

C.

Accounts
     
The preparation of accounts for funds controlled by non-profit corporations can be a time-consuming and expensive process, primarily because many non-profit corporations either do not keep the necessary records to do so, or they do not have them in the form suitable to prepare a standard fiduciary account. As an alternative, Pa.O.C. Rule 12.15 sanctions the much simpler method of submitting the corporation’s financial statements in lieu of an account. In addition, the Court and the Office of the Attorney General may agree instead to the submission of already existing documentation, such as IRS Forms 990 or 990-PF, which usually contain adequate information for most purposes.
 
 

 
A | B | C | D | E