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The Nature of Nonprofit Organizations

Nonprofits can be organizations that serve the public at-large or more specifically provide benefit exclusively to their members. Thus, state statutory provisions have been tailored by their respective legislators to provide distinct requirements for the different types of nonprofit organizations. As many states have adopted all or at least parts of the 1987 Revised Nonprofit Corporation Act, statutory law by way of the Revised Act provides nonprofit classification for mutual benefit and public benefit organizations.

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