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May a 501(c)(3) charity have a one-person board of directors?
Nonprofit and Church Legal Trends - Free Edition - July August 2007 (free edition)
The Internal Revenue Code does not have a minimum. Although the Senate Finance Committee White Paper which led up to the Pension Protection Act of 2006 proposed mandatory numbers for a board, no such requirements have yet been passed by Congress but it will most likely occur in the future. The IRS is legitimately skeptical about a one-person board, and may not grant exemption even if the other requirements of 501(c)(3) are met.
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