In this Report:

- Overview of Applicability

- Summary of the Act’s Governance Requirements

- Summary of the Act’s Financial Reporting Rules for Organizations Required to Register to Conduct Charitable Solicitations

- Highlights of the Act’s Update of the Not-for-Profit Corporation Law and Expansion of the Attorney General’s Enforcement Powers

- Excerpt from New York Non-Profit Revitalization Act of 2013 Reforms Governance Rules for Nonprofits:

Signed into law in the final days of last year, the New York Non-Profit Revitalization Act of 2013 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.

Please see full Report below for more Information.

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Topics:  Corporate Governance, New Legislation, Non-Profits, Reporting Requirements

Published In: Nonprofits Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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