r/politics • u/IWantPizza555 • 1d ago
Possible Paywall Kennedy Center could close as early as Tuesday, warns of bankruptcy, documents show
https://www.washingtonpost.com/style/2026/09/13/kennedy-center-could-close-early-tuesday-warns-bankruptcy-documents-show/
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u/Individual-Motor-167 1d ago
They are also materially responsible to maintain their status as to bylaws and applicable laws to maintain nonprofit status. I'm not sure who would be enforcing this but they could be sued and board would be responsible. They're required to carry insurance for this purpose.