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William Josephson

William Josephson

January 04, 2019 | New York Law Journal

17 Reasons Why the National Popular Vote Initiative Is Likely to Fail

Legal scholars have argued that NPV violates sections two and five of the 1965 Voting Rights Act and Equal Protection under the Fourteenth Amendment.

By William Josephson

6 minute read

October 07, 2013 | New York Law Journal

Amending the Not-for-Profit Corporation Law: the Next Steps

Peter J. Kiernan, Rose Mary Bailly and William Josephson from the New York State Law Revision Commission discuss pending amendments involving the Estates, Powers and Trusts Law, indemnification revision, audit oversight and the disparities between the NPCL's regulatory provisions and those also made applicable by the Internal Revenue Code to publicly supported charities and private foundations.

By Peter J. Kiernan, Rose Mary Bailly and William Josephson

12 minute read

July 23, 2013 | New York Law Journal

Amending the Not-for-Profit Corporation Law—the Beginning

Peter J. Kiernan and Rose Mary Bailly of the New York State Law Revision Commission, and William Josephson, who acted pro bono as a consultant to the Commission, write that the first major NPCL revision in more than 40 years, passed in the closing hours of the 2013-2014 Legislative Regular Session, contains significant changes for the over 100,000 not-for-profit corporations in New York.

By Peter J. Kiernan, Rose Mary Bailly and William Josephson

17 minute read

December 30, 2004 | New York Law Journal

Not-for-Profit, Religious Corporations Laws Special Act Corporations, Part I

William Josephson, retired from Fried, Frank, Harris, Shriver & Jacobson, writes that, in the 19th century, and well into the 20th, the New York State Legislature often enacted special acts creating corporations.

By William Josephson

10 minute read

January 07, 2005 | New York Law Journal

Laws on Not-for-Profits, Religious Firms, Special Act Firms: Part 2

William Josephson, who retired from Fried, Frank, Harris, Shriver & Jacobson after 30 years as a partner, analyzes legal issues surrounding the status of The National Council of Young Israel, created in 1926 by special act, 1926 N.Y. Laws chapter 680.

By William Josephson

13 minute read

March 30, 2010 | New York Law Journal

Bills Addressing Charitable Investments Impair Donors' Rights

William Josephson, a retired partner of Fried Frank Harris Shriver & Jacobson and head of Attorney General Eliot Spitzer's Charities Bureau from 1999 to 2004, expresses comncerns about pending legislation that would continue an unfortunate trend to shield further charitable fiduciaries from liability for their reinvestment decisions.

By William Josephson

7 minute read

June 11, 2009 | New York Law Journal

Uniform 'Imprudent' Management Of Institutional Funds Act

William Josephson, a retired partner of Fried Frank Harris Shriver & Jacobson who headed Attorney General Eliot Spitzer's Charities Bureau from 1999 to 2004, writes that Senator Liz Krueger and Assemblyman Jonathan L. Bing have introduced in the State Legislature S4778 and A7907, respectively, the so-called Uniform Prudent Management of Institutional Funds Act, as a new article of the Not-for-Profit Corporation Law. These bills, he cautions, continue an unfortunate trend that must be stopped if we are to avoid future Madoff scandals in the philanthropic world.

By William Josephson

7 minute read

June 09, 2004 | New York Law Journal

Charitable Fund-Raising Developments After 'Madigan'

William Josephson, the assistant attorney general-in-charge of the Charities Bureau in the Office of the New York State Attorney General, reviews a Supreme Court decision involving the tangled relationships that can arise between telemarketers and charities.

By William Josephson

7 minute read

April 22, 2003 | New York Law Journal

Outside Counsel

By William Josephson

11 minute read

December 03, 2010 | New York Law Journal

New Prudent Management Of Institutional Funds Act

William Josephson, a retired partner at Fried, Frank, Harris, Shriver & Jacobson and the assistant attorney general-in-charge of the Charities Bureau from 1999-2004, writes that because of the severe economic turndown, the Legislature was subjected to strong professional lobbying by institutions that feared their endowments might become less than their historic dollar value, while, as a practical matter, no one represents the interests of donors.

By William Josephson

13 minute read