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I think most fraternities and sororities have a foundation, of which claims most of the their assets. This foundation does not act with the day-to-day portion of the fraternity administration and the chapters. Therefore, when a lawsuit comes through, the foundation and it's assets are safe because it's a different 'entity' so-to-speak. Plus, I am sure they all have insurance of some sort that would take the brunt of the lawsuit, which is why we have insurance.
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I am a Man of Principle
BQP
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