New York – effective July 1, 2014 NY amends the Not-for-Profit Corporation Law
The New York Non-Profit Revitalization Act of 2013 was signed into law by Governor Cuomo on December 18 and effective July 1, 2014. It amends the Not-for-Profit Corporation Law (the “NPCL”), the Estates Powers and Trusts Law, and Article 7-A of the Executive Law, to reduce unnecessary and outdated burdens on nonprofits and to enhance..