<HTML><HEAD>
<META content="text/html; charset=us-ascii" http-equiv=Content-Type>
<META name=Generator content="Microsoft Word 14 (filtered medium)">
<STYLE><!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Times New Roman","serif";
color:windowtext;}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri","sans-serif";}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></STYLE>
</HEAD>
<BODY lang=EN-US dir=ltr link=#0563c1 vLink=#954f72>
<DIV dir=ltr>
<DIV style="FONT-SIZE: 12pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV>This looks like a termination of a nonprofit to benefit an individual
rather than it being turned over to another nonprofit Would the attorney
general’s office be interested in this?</DIV>
<DIV
style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
<DIV style="FONT: 10pt tahoma">
<DIV> </DIV>
<DIV style="BACKGROUND: #f5f5f5">
<DIV style="font-color: black"><B>From:</B> <A title=rob@rowleylegal.com
href="mailto:rob@rowleylegal.com">Rob Rowley</A> </DIV>
<DIV><B>Sent:</B> Thursday, February 04, 2016 2:28 PM</DIV>
<DIV><B>To:</B> <A title=wsbarp@lists.wsbarppt.com
href="mailto:wsbarp@lists.wsbarppt.com">WSBA RPPT</A> </DIV>
<DIV><B>Subject:</B> [WSBARP] Thoughts on a nonprofit organization quitclaiming
commercial property to its sole director who files a personal C13 bankruptcy to
stop a commercial nonjudicial foreclosure?</DIV></DIV></DIV>
<DIV> </DIV></DIV>
<DIV
style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
<DIV class=WordSection1>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>I commenced a
non-judicial foreclosure last year which was supposed to result in a trustee
sale later this month. Debtor is a Washington state nonprofit corporation
(still in good standing/active) who held title to a commercial building.
Commercial note and deed of trust given by the nonprofit corporation with no
personal guarantees. Note goes into default and matures later this
year. I commence nonjudicial foreclosure.</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>Recently,
nonprofit organization quitclaims the commercial building to its sole director
(who signs the deed in his corporate capacity) in his personal capacity.
Director then immediately files a personal chapter 13 bankruptcy to stop the
foreclosure. When I review the recorded deed I note the deed was recorded
as a gift with no excise tax paid. Deed on its face shows no
consideration. There is little to no equity.</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>The chapter 13
plan proposes the property be sold to satisfy the personal debts of the debtor
and that the debtor gets to keep his personal residence. In other words,
the proceeds above and beyond the debt owed to my client (the lender) would be
used to satisfy the personal obligations of the director.</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>Other than the
obvious lack of consideration, no excise tax paid (DOR issue) and abusive
transfer of ownership of the property from a nonprofit to one of its directors –
what other claims should I pursue?</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>Of course, a
very aggressive claim and objection filed with the bankruptcy court and pointed
out to the C13 trustee.</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"'>Thanks.</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN></B> </P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><IMG hspace=12
src="cid:30E88DDF9AA74BD697E6088E0F470821@JoshPC" width=86 align=left
height=130><B><SPAN style='FONT-FAMILY: "Times New Roman","serif"'>Robert R.
Rowley</SPAN></B><SPAN style='FONT-FAMILY: "Times New Roman","serif"'> |
Attorney at Law</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>7 S. Howard St, Suite
218</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>Spokane, WA
99201</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>Telephone: (509)
252-5074</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>Mobile: (509) 994-1143</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>Facsimile: (509)
928-3084</SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 12pt"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'>Email: </SPAN><A
href="mailto:rob@rowleylegal.com"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"; COLOR: blue'>rob@rowleylegal.com</SPAN></A><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'></SPAN></P>
<P class=MsoNormal><SPAN style='FONT-FAMILY: "Times New Roman","serif"'>Web
Site: </SPAN><A href="http://www.rowleylegal.com/"><SPAN
style='FONT-FAMILY: "Times New Roman","serif"; COLOR: blue'>www.rowleylegal.com</SPAN></A><SPAN
style='FONT-FAMILY: "Times New Roman","serif"'></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'>Practice
concentrated on business, real estate and general legal matters in Washington
and Idaho.</SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><A href="https://www.facebook.com/rowleylegal"><SPAN
style='FONT-SIZE: 10pt; TEXT-DECORATION: none; FONT-FAMILY: "Times New Roman","serif"; COLOR: windowtext'><IMG
id=Picture_x0020_2 border=0 src="cid:F6057A10768A44CEB2CC6B2E61A5B087@JoshPC"
width=24 height=24></SPAN></A><A
href="https://www.linkedin.com/pub/rob-rowley/11/172/b20"><SPAN
style='FONT-SIZE: 10pt; TEXT-DECORATION: none; FONT-FAMILY: "Times New Roman","serif"; COLOR: windowtext'><IMG
id=Picture_x0020_3 border=0 src="cid:59C18D427A88410CA6145D51E94CC0A8@JoshPC"
width=24 height=24></SPAN></A><A href="https://twitter.com/ROBERTRROWLEY"><SPAN
style='FONT-SIZE: 10pt; TEXT-DECORATION: none; FONT-FAMILY: "Times New Roman","serif"; COLOR: windowtext'><IMG
id=Picture_x0020_4 border=0 src="cid:8845E188231F4622BB4ADBDEB329B00D@JoshPC"
width=24 height=24></SPAN></A><A
href="http://www.yelp.com/biz/robert-r-rowley-spokane"><SPAN
style='FONT-SIZE: 10pt; TEXT-DECORATION: none; FONT-FAMILY: "Times New Roman","serif"; COLOR: windowtext'><IMG
id=Picture_x0020_5 border=0 src="cid:0D5A39C274A54DC4A4A6887874043902@JoshPC"
width=43 height=21></SPAN></A><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"'>NOTICE: The
contents of this message and any attachments may be protected by the
attorney-client privilege, work product doctrine or other applicable
protections. If you are not the intended recipient or have received this
message in error, please notify the sender and promptly delete the
message. Thank you for your assistance.</SPAN></P>
<P class=MsoNormal style="BACKGROUND: white"><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman","serif"; COLOR: #222222'>DISCLAIMER:
You should recognize that responses provided by e-mail means are akin to
ordinary telephone or face-to-face conversations and do not reflect the level of
factual or legal inquiry or analysis which would be applied in the case of a
formal legal opinion. A formal opinion may very well reach a different
conclusion.</SPAN></P>
<P class=MsoNormal> </P></DIV>
<P>
<HR>
_______________________________________________<BR>WSBARP mailing
list<BR>WSBARP@lists.wsbarppt.com<BR>http://mailman.fsr.com/mailman/listinfo/wsbarp</DIV></DIV></DIV></BODY></HTML>