QUESTION
does my university have right to transfer into another foundation ? "
Asked on May 16th, 2015 on Corporate Law - California
More details to this question:
My university has recognition to run college of medicine ,it gave a permission to a foundation to run college of medicine .
1 ANSWER
Business Transactions Attorney serving Los Angeles, CA
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Doland & Fraade
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Your question in its current form is too vague and the harm to you uncertain. A not for profit (university) can transfer property to another not for profit (foundation) and wether contractual rights (accreditation) can be transferred would require a review of the relevant documents.
Answered on May 18th, 2015 at 8:42 AM