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August 17, 2015How to Comply with the NYS Not-For-Profit Revitalization Act
The NYS Not-For-Profit Revitalization Act TOOK EFFECT ON, July 1, 2014. The Act requires All NYS Nonprofits to comply with the law and requires updates to by-laws, conflicts of interest and other policies. You are invited to attend this program on Tuesday, September 15 at 10 a.m. at the American Red Cross, Albany.
The New York Nonprofit Revitalization Act: What Nonprofits Need To Know The Nonprofit Revitalization Act, unanimously passed by New York’s legislature last June, was signed into law by Governor Andrew M. Cuomo on December 18, 2013. The Act is the first major revision to New York’s nonprofit laws in over 40 years. Its provisions apply to nonprofits that are incorporated in New York, but one significant section – related to financial audits and financial reporting to the state – applies to all nonprofits that are registered in New York for charitable solicitation purposes. The new Act is in effect as of July 1, 2014, and a couple of the provisions, including the prohibition on an employee serving as chair of the board and thresholds for financial reporting, will take effect in 2015, 2017, and 2021.
You are invited to attend a Legal Seminar presented by Catherine M. Hedgeman, Esq. Ms Hedgeman will discuss the changes in the New York Not-For-Profit Law, how they will effect the business and governance practices of Nonprofits, and she will offer guidance on how to comply with the new law.
This program is designed for Nonprofit Executives and Staff, Board Presidents, Board/Governance members and attorneys. Ms. Hedgeman is the Owner of the Law Office of Catherine M. Hedgeman and is an expert in the areas of Nonprofit Law and Management and Governance.
To attend this event, please click here.
Please visit www.hedgemanlaw.com for more information.
