Legal Question in Business Law in New York

A NY NOT FOR PROFIT CORP: all volunteer, recreational group who maintains trails in a recreational area, hosts cross country ski races for fundraising, is being sued in a personal injury case. we recieve money from the state and federal gov in the form of grants to maintain, build, refurbish trails etc, and to purchase equipment for the same.Question: IF this case is decided in favor of the injured person can they take our grant money ?


Asked on 7/21/10, 9:36 am

1 Answer from Attorneys
Patrick Tracy Patrick J. Tracy, Esq, P.E.,

My first question is whether or not you have any general liability insurance? If so, this would satisfy any judgement up to the limit of the policy. I am not licensed in NY, therefore I can only speak in general terms. A judgement can be satisfied by seizing any assets including any monies in the general treasury including grant money. If you have insurance, contact your agent about contacting a lawyer to represent you in this matter.

Good luck!

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Answered on 7/21/10, 12:47 pm


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