smol, femme, nerd

libera te tutemet ex machina, and shitpost~~

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Cake day: Dec 07, 2023

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Again, I have no idea what I am talking about but you can have provisions to protect assets in bankruptcy. But besides that, I am not sure if distributing the assets to another nonprofit entity prior would help save the archived data

https://www.wolterskluwer.com/en/expert-insights/dissolving-a-nonprofit-when-and-how-to-dissolve-a-nonprofit


Can they sink the IA name and just set up as another entity? I mean, declare bankruptcy etc. What happens to the archived data in this scenario? I am not a lawyer so I have no idea

Edit perhaps they can setup up an entity, sell the data to it, and bankrupt IA?