Indiana Business Law Blog
The answer to that question is remarkably simple but surprising to many: No one owns a nonprofit corporation. To understand why that is so, let’s compare nonprofit corporations to for-profit or business corporations.
Business Corporations
Imagine you buy 100 shares of common stock in a corporation on the New York Stock Exchange. Congratulations! You’re a shareholder. Your 100 shares of stock give you specific economic and noneconomic rights.