• New York Enacts Sweeping Not-For-Profit Corporation Law Reform
  • March 6, 2014
  • Law Firm: Harter Secrest Emery LLP - Rochester Office
  • On December 18, Governor Cuomo signed the Non-Profit Revitalization Act, an unprecedented sweeping reform of the New York Not-for-Profitt Corporation Law (N-PCL). The Act makes numerous changes to the N-PCL that will affect many aspects of the formation and operation of New York not-for-profit corporations and charitable trusts. This memo outlines key changes and action items for not-for-profit boards. The changes are effective on July 1, 2014.