Follow-Up to "Annual Legal Update" at THE Foundations Seminar

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Your alma mater, the local branch of the State University system, just derecognized the Beta chapter of your fraternity. You are the president of the local house corporation. Your house corporation now has an asset, the fraternity house, as well as a liability in the form of a mortgage debt. Even worse, some of the local alumni guaranteed the debt. What can you do?

Please see full update below for more information.

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