Bylaws Violation
Funds Conversion

Section 5: Corporate Accounts

The books of Troubled Times, Inc. will be established with separate accounts in accordance with legal requirements for nonprofit corporations. At no time will Troubled Times Inc. operating funds be retained in the personal account of any officer, board member, or agent associated with Troubled Times, Inc. in an official capacity. Accounts maintained to monitor grant expenditures will be separate from operating account, in accordance with the Bylaws on funds received as grants.

Section 6: Sharing Corporate Assets

No member, director, officer, employee, or other person connected with this corporation, or any private individual, shall receive at any time any of the net earnings or pecuniary profit from the operations of the corporation, provided, however, that this provision shall not prevent payment to any such person of reasonable compensation for services performed for the corporation in effecting any of its public or charitable purposes, provided that such compensation is otherwise permitted by these Bylaws and is fixed by resolution of the Board of Directors.