Assembly 8072, amending New York's Not-for-Profit Corporation Law (NPCL), was passed in the closing hours of the 2013-2014 Legislative Regular Session. The bill, subject to the Governor's approval, would generally take effect July 1, 2014. But the effective date provision, section 132, should be reviewed carefully because it has different effective dates for certain provisions of the bill.
This first major NPCL revision in more than 40 years contains significant changes for the over 100,000 not-for-profit corporations (NPCs) in New York. A8072 is a product of the efforts of Senator Michael H. Ranzenhofer,1 Assemblyman James F. Brennan,2 their staffs,3 the Attorney General,4 the New York State Bar Association,5 and the New York State Law Revision Commission.6
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
