The New York Nonprofit Revitalization Act of 2013 resulted in a number of significant changes to the New York Not-For-Profit Corporation Law. Many of those changes are effective as of July 1, 2014. My colleagues in our firm’s business department just published an excellent article summarizing the new requirements, and outlining what nonprofit board members must do to ensure that the organization they serve remains in compliance. Please share this information with anyone you know who serves on a nonprofit board.
Here is a link to the article: Nonprofit Best Practices Now Mandatory.
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