• 24:39 - 28:11
Mike Colomb | The Forgotten Power Of Private Membership Associations
History and Legal Precedents of Private Membership Associations
The legal foundations of PMAs are traced back to the U.S. Constitution and the 1805 Supreme Court case Madison v. Bury. The discussion highlights how PMAs were used during Prohibition in states like Texas and Oklahoma to maintain social clubs and alcohol sales in dry counties. These entities use EIN numbers to operate bank accounts while remaining separate from the public regulatory sphere.