All of the following apply to an unincorporated nonprofit association:
- (A) It is a legal entity distinct from its members and managers.
- (B) It has perpetual duration unless its governing principles specify otherwise.
- (C) It has the same powers as an individual to do all things necessary or convenient to carry on its activities.
- (D) It may engage in profit-making activities, but any profits from those activities shall be used or set aside for the association's nonprofit purposes.