Full question:
i recently became the board president to a nonprofit organization recently found out that our managing director never received a contract. Now, a year later we are at will to work state TX. Do I have to give our manager a contract? Please help the previous president did offer a contract but it was never signed.
- Category: Corporations
- Subcategory: NonProfit Corporation
- Date:
- State: Texas
Answer:
The Articles of Incorporation is a document that must be filed with a state in order to incorporate. Information typically required to be included are the name and address of the corporation, its general purpose and the number and type of shares of stock to be issued. A corporation must have bylaws, although states generally do not require that corporations file the bylaws with the secretary of state. Bylaws are rules that dictate how the corporation is going to be run, including rules regarding the hiring of corporate officers, directors, and shareholders. A resolution is typically passed after a vote by the board of directors. Generally, a corporate officer is not required to be given an employment contract unless the governing bylaws or resolutions require it. I suggest reading the bylaws, resolutions, and minutes regarding the hiring to determine the proper procedure to be followed regarding issuance of an employment contract.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
