period of time, attracting large numbers of incorporations with
to create a short lived boom in District of Columbia incorporations.
(273) Yet the broader trend toward incorporations did
As the case studies below demonstrate, urbanized NIM clusters form in fractious political environments with initial defection by the pioneering NIM spurring additional incorporations. Existing cities also play a potent role, providing direct funding support and political support to NIMs in some cases below, in order to enhance the suburban voting bloc against county rule.
A potential explanation for this intriguing finding is that annexation activity is an important contributor to overall annexation activity as suggested by the literature on defensive incorporations (Rigos & Spindler, 1991; Smith & Debbage, 2011).
Those striking outcomes did not escape the attention of nearby communities, and Aventura and Pinecrest incorporated, followed by a second wave of incorporations by communities wanting better results by seceding from Dade County.
269 would apply to the incorporation of an insolvent partnership that occurs contemporaneously with a COD income event.
269 does not apply, the other question that must be answered is whether the corporation genuinely assumed the liabilities that are discharged following the incorporation. To the extent the debt is not assumed, because it is deemed to be either discharged immediately before the incorporation or not genuinely assumed, the COD income event Occurs outside the corporation.
shines a light on the important policy implications of incorporation by
identifying best practices that can improve incorporation by reference.
(26) As part of this procedure the association's members are required to pass incorporation resolutions and to adopt proposed rules for the incorporated association, which may be the model rules promulgated under the AI Act, or the association's own drafted rules.
The AI Act from its inception was also designed to provide not-for-profit associations with an uncomplicated and economical incorporation and regulatory system that takes account of the interests of members, creditors and the public.