senate Bill S7431

2011-2012 Legislative Session

Enacts the "non-profit revitalization act"; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 15, 2012 referred to corporations, authorities and commissions

Co-Sponsors

S7431 - Details

Current Committee:
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd Various Laws, generally

S7431 - Summary

Enacts the "non-profit revitalization act"; relates to the reform of charitable organizations.

S7431 - Sponsor Memo

S7431 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7431

                            I N  S E N A T E

                              May 15, 2012
                               ___________

Introduced by Sens. MARCELLINO, RANZENHOFER -- (at request of the Attor-
  ney General) -- read twice and ordered printed, and when printed to be
  committed  to  the  Committee on Corporations, Authorities and Commis-
  sions

AN ACT to amend the not-for-profit corporation law, the estates,  powers
  and trusts law, the surrogate's court procedure act, the racing, pari-
  mutuel  wagering  and  breeding  law, the executive law, the education
  law, the religious corporations law, the benevolent  orders  law,  the
  public authorities law, the insurance law, the private housing finance
  law, the banking law, the general business law, the mental hygiene law
  and  the  public lands law, in relation to reform of charitable organ-
  izations; and to  repeal  certain  provisions  of  the  not-for-profit
  corporation law and the estates, powers and trusts law relating there-
  to

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the "non-profit
revitalization act".
  S 1-a. Subparagraph 6 of paragraph (a) of section 102 of the  not-for-
profit  corporation  law  is  amended, and twelve new subparagraphs 3-a,
3-b, 6-a, 9-a, 9-b, 19, 20, 21, 22, 23, 24 and 25 are added to  read  as
follows:
  (3-A)  "CHARITABLE  CORPORATION"  MEANS ANY CORPORATION FORMED, OR FOR
THE PURPOSES OF THIS  CHAPTER,  DEEMED  TO  BE  FORMED,  FOR  CHARITABLE
PURPOSES.
  (3-B)  "CHARITABLE PURPOSES" OF A CORPORATION MEANS PURPOSES CONTAINED
IN THE CERTIFICATE OF INCORPORATION OF THE CORPORATION THAT ARE CHARITA-
BLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL OR  FOR  THE
PREVENTION  OF  CRUELTY  TO CHILDREN OR ANIMALS, AND ANY LAWFUL BUSINESS
PURPOSE TO ACHIEVE THE FOREGOING.
  (6) "Director" means any member of the governing  board  of  a  corpo-
ration,  whether  designated as director, trustee, manager, governor, or
by any other title. The term "board" means "board of directors"  OR  ANY
OTHER BODY CONSTITUTING A "GOVERNING BOARD" AS DEFINED IN THIS SECTION.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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