the money goes to all the child molestation victims.
If the Watchtower Corporations shut down...who gets their assets?
by LovesDubs 16 Replies latest watchtower scandals
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MissingLink
I'm guessing the lawyers will figure out how to snatch it.
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yknot
Shareholders
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blondie
ynot, non-profit corporations don't have shareholders, the corporate officers are not allowed legally to have any ownership of the assets.
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yknot
Sorry let me explain better......Top WTS would have ordered the liquidation of assets (because of "spiritual citation") and siphoned off the cash to dummy non-profit corporations in other countries.....all belonging to top WTS members.....of course laws change and are different from country to country.
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passwordprotected
Is non-profit the same thing as not-for-profit?
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passwordprotected
It would appear it is! http://en.wikipedia.org/wiki/Non-profit_organization