If the Watchtower Corporations shut down...who gets their assets?

by LovesDubs 16 Replies latest watchtower scandals

  • New light for you
    New light for you

    the money goes to all the child molestation victims.

  • MissingLink
    MissingLink

    I'm guessing the lawyers will figure out how to snatch it.

  • yknot
    yknot

    Shareholders

  • blondie
    blondie

    ynot, non-profit corporations don't have shareholders, the corporate officers are not allowed legally to have any ownership of the assets.

  • yknot
    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.

  • passwordprotected
    passwordprotected

    Is non-profit the same thing as not-for-profit?

  • passwordprotected

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