Corporate liability
Base: Business Planning Framework
Re: ## 1. Purpose and Goals (AMICO)
Re: ## 1.1 Framework for financial projections (AMICO)
Re: ## liability of members
Keywords: financial exposure
Date: Wed, 05 Mar 1997 01:00:19 GMT
From: David Bearman <DavidBearman>

AMICO is a non profit corporation so its members are protected from individual financial liability under corporation law.

Of course we assume museums feel an obligation to educational users so we have provided that in the event of failure of the collective individual members would honor the license terms for the remainder of the license period.