anyone else try answering the PT like this or similarly?
1) SIA is a nonprofit corporation formed solely for the purpose of charity.
2) one of the cases says that the assets of a "nonprofit corporation formed solely for the purpose of charity" are a charitable trust.
3) corporation is the trustee of the charitable trust. when it fucks up, equity can come in and enjoin their behavior or force them to pay restitution.
4) the statutory provision for dissolution of a corporation provides that AG can ask for dissolution when corporation deviates so much from its purpose.
5) SIA deviated so much from its purpose when it became an acquiescent something something of its directors... basically when a corporation becomes its directors' bitch.
6) in the second case (the one where the corporation won the appeal and saved itself from dissolution), the AG had won at trial and had convinced the trial court to dissolve the corp because the corp had become its directors' bitch.
comparing SIA to the corp in the second case was how I answered #2.
even though the trial court was overturned on appeal, it wasn't because the trial court had fucked up on ordering dissolution when a corp deviates greatly from its purpose. it was because the trial court didn't consider that most or all of the problems had been resolved and that equity doesn't seek to punish, equity is only supposed to prevent harms. with the harm gone, the equitable remedy is now unnecessary. so i wrote that SIA could be dissolved for deviating from its purpose, but that if it were able to resolve its issues it would be able to save itself.
7) another way to look at it is that, as the trustee of the charitable trust (its own assets), SIA had duties to the beneficiaries of the trust to carry out the purpose of the trust. SIA failed its duty by becoming an ATM for its directors. violating those duties means courts can impose equitable remedies
so for #1, for each item I analyzed if that duty had been breached and then just mentioned random equitable remedies
wrote down to the last second and left a sentence unfinished.