The Department of Licensing and Regulatory Affairs (LARA) Corporation, Securities & Commercial Licensing Bureau (CSCL) posted a release regarding the October 1 deadline to file 2014 annual reports for nonprofit corporations. The report can be filed online with a credit
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.
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Corporation Law, the Estates Powers and Trusts Law, and Article 7-A of the Executive Law, to reduce unnecessary and outdated burdens