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Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Signed chap.555
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.695
- Substituted for A8118B
- Referred to codes
- Delivered to assembly
- Passed senateVote 63–0
- Ordered to third reading cal.1842
- Print number 5868a
- Amend and recommit to rules
Show 1 earlier action
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the reform of charitable corporations
Assembly Floor Calendar · Sponsor James F. Brennan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5868A
Title of bill
An act to amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to the reform of charitable corporations
Purpose or general idea of bill
Makes clarifying amendments to the not-for-profit corporation law,
Summary of specific provisions
This bill adds clarifying amendments to certain sections of the not-for-profit corporation law, including:
* Expanding the definition of "independent director";
* Adding "domestic partner" to the definition of "relative";
* Clarifying the definition of "related party";
* Clarifying that a director or person with a conflict of interest may attend committee meetings for the purpose of presenting information or answering questions;
* Allowing corporations to post their conflict of interest policy on their websites.
Justification
In 2013, the Non-Profit Revitalization Act of 201.3 was enacted (Chapter 549), which made major changes and improvement to the state's not-for-profit corporation law.
A subsequent review of the 2013 Act revealed the need to make clarifying amendments to provisions of the newly amended law.
This bill contains amendments that have been agreed to by the Lawyers Alliance, the Law Revision Commission and the Office of the Attorney General
Prior legislative history
New bill.
Fiscal implications
None
Effective date
This act shall take effect immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.