Not For Profit/Exempt Organizations Blog
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New Legislation Modernizes New York Not-For-Profit Corporation Law

By Amanda H. Nussbaum and Colin Wetmore on Posted in Not-for-Profit, Tax-Exempt Organizations
On November 21, 2022, Governor Kathy Hochul signed into law new legislation, which amends certain provisions of the New York Not-For-Profit Corporation Law (the “N-PCL”).  The legislation, described in detail below, “modernizes provisions of law relating to members, directors and officers to align with current practices, streamline procedures and eliminate unnecessary regulatory burdens”[1], and is … Continue Reading
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