Crisp Area YMCA v. NATIONSBANK, NA

I respectfully dissent. In November 1993, the National Council of the YMCA terminated the Cordele YMCA’s authority to operate YMCA programs and services, and such authority has never been reinstated. Twice since its formation, the Cordele YMCA has been administratively dissolved by Georgia’s Secretary of State.1 Since 1992, the Cordele YMCA has performed no charitable functions, and its only activities during that time have consisted of liquidating assets and paying debts. The organization no longer possesses tax-exempt status.

When the Cordele organization ceased functioning as a YMCA, its…