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Joined: 12/12/2002
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HOO86

It was in a Raleigh News & Observer Article early July

It said that there was no language in the ACC Constitution and Bylaws for Dissolution other than boiler plate over the Property that the ACC owns like the Headquarters building. But it also said that in North Carolina standard law for Non-Profits is a majority can dissolve a Non-Profit. That is where people are getting this 8 number. But then they questioned if the ACC is a Non-Profit because they pay taxes on stuff. Is the ACC a Non-Profit? I don't know. I don't have a link. This was a few weeks ago I saw the Article.
Posted: 07/28/2022 at 03:53 PM ET
(In response to this post by Stech)

Thread Replies (25)

Full Thread →
What would it take for us to vote to dissolve the ACC
LocalExperts • 07/27/22 09:14 PM ET
If the ACC bylaws remove the leaving members from the voting pool because
ChrisLords • 07/28/22 12:45 PM ET
big risk boom
Mercury • 07/28/22 09:06 AM ET
Finally someone said it**
obguthr • 07/28/22 10:02 AM ET
Just a TV Contract
WarHog38 • 07/28/22 12:13 AM ET
Its not the departing schools ACC media money the remaining schools would
133743Hokie • 07/28/22 09:01 AM ET
It doesn't matter what ESPN pays the ACC, what matters is the media money
wwhokie1 • 07/28/22 12:53 AM ET
Tied to the ESPN ACCN Contract that also Expires in 2036
WarHog38 • 07/28/22 01:15 AM ET
You might like to see it.......
2hhoop3 • 07/28/22 05:39 AM ET
May be true
WarHog38 • 07/28/22 12:11 PM ET
Tough legal argument to say let me out of the GOR because my resignation
133743Hokie • 07/28/22 03:54 PM ET
Probably depends on the judge like a lot of judicial rulings these days.**
WarHog38 • 07/28/22 04:24 PM ET
I agree but that is why it isn’t happening right now
hokieZ71 • 07/28/22 09:19 AM ET
Never said or ......
2hhoop3 • 07/28/22 11:56 AM ET
You have to create a bylaw that explains the Dissolution process
HOO86 • 07/27/22 10:39 PM ET
Always appreciate when someone states a facts instead of speculation, more
anotherdamnyankeehokie • 07/28/22 09:03 AM ET
But wouldn't that open it up to litigation?
hokieZ71 • 07/27/22 11:00 PM ET
There are defined rules for any school to leave.
HOO86 • 07/27/22 11:08 PM ET
75% versus the majority, makes it almost impossible, where did u get that?
Stech • 07/28/22 08:15 AM ET
It was in a Raleigh News & Observer Article early July ◄
HOO86 • 07/28/22 03:53 PM ET
The ACC is a non-profit as defined and exempt by the IRS.
RJHokie • 07/29/22 08:40 AM ET
Found it. Luke DeCock
HOO86 • 07/28/22 06:19 PM ET
give me your email; I'll send you the Bylaws**
daveinop • 07/28/22 09:27 AM ET
Thanks for offering, but I don’t want to give that out publicly, can you
Stech • 07/28/22 02:26 PM ET
I have a PDF and haven't figured out how to
daveinop • 07/29/22 08:27 AM ET
I think that is exactly what it would take, there's your 8 votes
MrBayAreaHokie • 07/27/22 09:42 PM ET