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NY S08041
Bill
Status
11/28/2016
Primary Sponsor
Michael Ranzenhofer
Click for details
AI Summary
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Amends Section 132 of Chapter 549 of the Laws of 2013 (charitable organization reform legislation) to change the effective date of paragraph (f) of Section 713 of the Not-for-Profit Corporation Law from January 1, 2017 to January 1, 2018.
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Maintains existing expiration dates for amendments to Section 172-b of the Executive Law, with provisions expiring June 30, 2017 and June 30, 2021 respectively.
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Preserves exemptions for corporations or trusts with annual revenues under $10,000,000, which remain inapplicable until January 1, 2015.
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Takes effect immediately upon enactment.
Legislative Description
Relates to the effectiveness of provisions of law relating to prohibiting employees of a not-for-profit corporation from serving as chair of the board.
Last Action
VETOED MEMO.297
11/28/2016