The New York Not-for-Profit Corporation Law (NPCL) was amended effective July 1, 2014 to enable a not-for-profit corporation to be organized as either a charitable or non-charitable corporation. A not-for-profit corporation may elect to set forth specific purposes in the
Senate Bill 7799 (Chapter 81) signed by the governor June 30 and effective July 1 relates to the effectiveness of provisions relating to prohibiting employees of a not-for-profit corporation from serving as chair of the board.
The New York Legislature moved quickly this week to enact the 2010 Amendments to UCC Article 9. Assembly Bill 9933, which includes Revised Articles 1 and 7 in addition to the 2010 Amendments to Article 9, passed the Assembly on
Assembly Bill 8072 (Chapter 540) signed by the governor December 18 and effective July 1, 2014 amends the Not-for-Profit Corporation Law, the Estates Powers and Trusts Law, and Article 7-A of the Executive Law, to reduce unnecessary and outdated burdens
Senate Bill 1195 (Chapter 491) signed by the governor and effective November 13 authorizes streamlined adjudicatory proceedings for small businesses appearing as respondents before certain state agencies. The bill text can be accessed here.
The New York Senate introduced a long anticipated bill to enact the 2010 Amendments to UCC Article 9 on Thursday, June 20, 2013. Senate Bill 5901 is an omnibus UCC bill that includes not just the Article 9 changes, but