New York Non-Profit Revitalization Act Reforms Governance Rules for NonprofitsMay 2016
Signed into law in 2013, the New York Non-Profit Revitalization Act is designed to reform the statutory requirements for governance of nonprofit organizations (both not-for-profit corporations and wholly charitable trusts), expand the Attorney General’s enforcement powers, and modernize and clarify some of the more mechanical and procedural New York rules applicable to not-for-profit corporations. Most provisions took effect on July 1, 2014. Amendments took effect on December 11, 2015 and are reflected in this summary.
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