Assembly Bill A7641

Signed By Governor
2015-2016 Legislative Session

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

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A7641 (ACTIVE) - Details

See Senate Version of this Bill:
S5738
Law Section:
Executive Law
Laws Affected:
Amd §132, Chap 549 of 2013
Versions Introduced in 2013-2014 Legislative Session:
A10027, S7799

2015-A7641 (ACTIVE) - Summary

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.

2015-A7641 (ACTIVE) - Bill Text download pdf 

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

                                  7641

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 20, 2015
                               ___________

Introduced  by M. of A. BRENNAN -- read once and referred to the Commit-
  tee on Corporations, Authorities and Commissions

AN ACT to amend chapter 549 of the laws of 2013, amending the  executive
  law  and other laws relating to reform of charitable organizations, in
  relation to the effectiveness of certain provisions of such chapter

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

  Section  1.  Section  132 of chapter 549 of the laws of 2013, amending
the executive law and other laws relating to reform of charitable organ-
izations, as amended by chapter 81 of the laws of 2014,  is  amended  to
read as follows:
  S  132.  This  act  shall take effect July 1, 2014, provided, however,
that the amendments to section  172-b  of  the  executive  law  made  by
section  three  of this act shall expire and be deemed repealed June 30,
2017; provided further that the amendments to section 172-b of the exec-
utive law made by section three-a of this act shall take effect July  1,
2017  and  shall  expire  and be deemed repealed June 30, 2021; provided
further that the amendments to section 172-b of the executive  law  made
by  section three-b of this act shall take effect July 1, 2021; provided
further that the amendments to paragraph (a) of section 713 of the  not-
for-profit  corporation  law  made  by section seventy-three of this act
shall take effect January 1, 2015; provided further that  paragraph  (f)
of  section  713  of the not-for-profit corporation law added by section
seventy-three of this act shall take  effect  January  1,  [2016]  2017;
provided  further that section seventy-two of this act and paragraph (b)
of section 8-1.9 of the estates, powers  and  trusts  law  as  added  by
section  one  hundred  thirty  of this act shall not be applicable until
January 1, 2015 for any corporation or trust that had annual revenues of
less than 10,000,000 dollars in the last fiscal  year  ending  prior  to
January 1, 2014.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11266-01-5

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