Signed into law in 2013, the New York Non-Profit Revitalization Act (as amended to date, the Act) subjects not-for-profit corporations incorporated under or otherwise subject to New York law to many new governance and oversight rules. In this Alert we provide a comprehensive overview of the key provisions of the Act, as amended to date. New York not-for-profit corporations should, to the extent they have not yet done so, review and modify, as necessary, their governance structure, oversight functions, policies, and dayto-day operations to ensure compliance with the Act.
An Update to the Key Provisions of the New York Non-Profit Revitalization Act
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