Who owns nhra ??????

Paul Neal · 01-26-2011, 06:26 PM

Weren't the proceeds of the sale to go into a "trust fund" to allow future financial support of Sportsman and grass-roots racing?

Jason Oldfield · 01-26-2011, 06:32 PM

A trust fund that Tom Compton was surely going to oversee and draw upon as necessary to pay various "bills".

Julie Jordan · 01-26-2011, 06:43 PM

The Articles of Incorporation or Bylaws will state how the assets are distributed upon a dissolution. The assets would either be distributed to another tax exempt organization or to the members. As NHRA is a California corporation, any dissolution plan would have to be approved by the State Attorney General's office.

Chad Rhodes · 01-26-2011, 06:58 PM

Quote:

Originally Posted by Jason Oldfield

A trust fund that Tom Compton was surely going to oversee and draw upon as necessary to pay various "bills".

DUI defense fund?

art leong · 01-26-2011, 07:09 PM

I normally don't wish anyone ill. But this time I pray the IRS does to them what they have been doing to us for years.

Curmudgeon · 01-27-2011, 02:13 AM

Judging by the TV time he gets , must be John Force

01-26-2011, 06:26 PM	#1
Paul Neal Junior Member Join Date: Feb 2002 Location: Everett, Ma Posts: 32 Likes: 27 Liked 3 Times in 1 Post	Re: Who owns nhra ?????? Weren't the proceeds of the sale to go into a "trust fund" to allow future financial support of Sportsman and grass-roots racing? __________________ Paul Neal 119E TD/SC Dan Page 265" w/ Martin 632 6.490 @ 205.76 ...all motor!

01-26-2011, 06:32 PM	#2
Jason Oldfield Senior Member Join Date: Jun 2007 Location: Rochester, NY Posts: 619 Likes: 1 Liked 10 Times in 4 Posts	Re: Who owns nhra ?????? A trust fund that Tom Compton was surely going to oversee and draw upon as necessary to pay various "bills". __________________ Jason Oldfield S/G & S/St 1838

01-26-2011, 06:43 PM	#3
Julie Jordan Senior Member Join Date: Dec 2001 Location: Modesto, CA Posts: 639 Likes: 90 Liked 549 Times in 94 Posts	Re: Who owns nhra ?????? The Articles of Incorporation or Bylaws will state how the assets are distributed upon a dissolution. The assets would either be distributed to another tax exempt organization or to the members. As NHRA is a California corporation, any dissolution plan would have to be approved by the State Attorney General's office. __________________ Julie Jordan 7549 STK

01-26-2011, 07:09 PM	#5
art leong VIP Member Join Date: Dec 2001 Location: Richmond Hill, Georgia Posts: 2,003 Likes: 0 Liked 1 Time in 1 Post	Re: Who owns nhra ?????? I normally don't wish anyone ill. But this time I pray the IRS does to them what they have been doing to us for years. __________________ Art Leong 2095 SS

01-27-2011, 02:13 AM	#6
Curmudgeon Junior Member Join Date: Jan 2011 Location: Asheville,N.C. Posts: 54 Likes: 0 Liked 0 Times in 0 Posts	Re: Who owns nhra ?????? Judging by the TV time he gets , must be John Force

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