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.
Click here for a Summary of the Act’s Financial Reporting Rules for Organizations Required to Register to Conduct Charitable Solicitations.
Click here for Highlights of the Act’s Update of the Not-for-Profit Corporation Law and Expansion of the Attorney General’s Enforcement Powers.
The Attorney General press release and summary can be viewed by clicking here.