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Member
Join Date: Jun 2006
Location: Williston, Fl.
Posts: 352
Likes: 2
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I had another racer ask me this question today. I didn't have an answer for him.
First off, this is not a thread intended to criticize or bash NHRA, so I guess what we would like to know is this: 1. Who decides on who the board of director members are? 2. Why as dues paying members of NHRA, we have no voice in who the board members are? 3. Who actually "owns" NHRA? 4. If NHRA was to be sold, who would actually pocket the money? I understand how a Sub Chapter S Corp. works, but trying to explain how whatever type of corperation NHRA is actually works is something I couldn't do. Since it is a "non-profit" corperation I assume that the profits left on the books at the end of the year are distributed to the board of director members as bonuses to clear the books. Am I wrong about this? I thought I would throw this out to you all and see what kind of answers I get. Hopefully something in simple terms we could all understand.
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Joe Pinkston 2155 S/ST |
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