Sentences with phrase «hold dual status»

Not exact matches

The CIO format is designed only for charities and aims to combine the best of both worlds — all the advantages of corporate status, including separate legal personality (so that a CIO is able to conduct business and hold property in its own name rather than under the names of the individual trustees), and limitation of liability for its trustees and members, while at the same time avoiding dual regulation under both company law and charity law.