Come on now, you know damn good and well this ain't got shit to do with the bankruptcy filing which was done to avoid the latest lawsuit
So, being a Texas resident, this seems like a reasonable place to ask this question: Is there a non-skeevy, non-bankrupt organization with which to do trackdays in the DFW area?
Funny thing I've learned in my 50+ years on this planet: when there's a shitload of smoke, there's usually a fire somewhere.
But Steven is smarter than several CPA's and three judges. Literally. I'd believe him. And his smoke.
So CMRA didn't file bankruptcy, then? strange... https://www.roadracingworld.com/news/cmra-files-for-bankruptcy-protection-will-continue-racing-in-2019/
Is/was CMRA a registered Texas 501 (c)7 non profit? Fascinating... https://info.legalzoom.com/nonprofit-organizations-disclosure-laws-22789.html State Disclosure Laws As business entities, nonprofits are subject to state disclosure laws. For example, Texas nonprofits that receive donations of more than $10,000 per year must comply with a state law requiring that they prepare and allow public inspection of an annual detailed financial report.
You do you, though... Again, I inquire about the existence of a non-skeevy, non-bankrupt organization with which to do trackdays in this fine state...
The type of club the CMRA is doesn't require public inspection, only member inspection, big difference in the two which is why that part of the Inge lawsuit was dismissed (Inge was kicked out of the club) and the Harding one was allowed to continue, he's still a member. And also from your own quote, the CMRA doesn't receive donations, it's a member owned hobby club in which money is pooled together for a common purpose, not donated