Vesting of Property under FCRA
The latest issue of Standards & Norms delves into the crucial provisions of the Foreign Contribution Regulation Act (FCRA) related to the vesting and management of assets when an organization’s registration is canceled, surrendered, or not renewed. It highlights key sections and rules, such as Section 15, Rule 15, and Rule 12(6A), explaining how unutilized foreign contributions and assets are handled by the prescribed authorities. With insights into legal interpretations of the term “vesting” and practical guidance for compliance, this issue is a must-read for organizations navigating FCRA regulations.
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