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Hispanic conference minutes and program, Des Moines, Iowa, October 12-14, 1979

1979-10-12 Hispanics in Iowa Page 7

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Minutes of meeting Oct. 14, 1979 -- page 6B When asked to explain a few of the advantages of incorporating the Foundation, Arturo cited two: 1) The Foundation would be tax exempt. 2) Board members would be protected from personal liability; For example, in the event of financial problems, Steve's car could not be taken away from him because it's not a corporate asset, unless it had been purchased from the corporation. Arturo explained further, that the reason he dad asked Steve to draw up the papers was because Steve had done ir for CHALE back in its beginning.
 
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