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.
STATE OF NEW YORK
________________________________________________________________________
10555
IN ASSEMBLY
June 3, 2016
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Brennan) --
read once and referred to the Committee 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:
1 Section 1. Section 132 of chapter 549 of the laws of 2013, amending
2 the executive law and other laws relating to reform of charitable organ-
3 izations, as amended by chapter 388 of the laws of 2015, is amended to
4 read as follows:
5 § 132. This act shall take effect July 1, 2014, provided, however,
6 that the amendments to section 172-b of the executive law made by
7 section three of this act shall expire and be deemed repealed June 30,
8 2017; provided further that the amendments to section 172-b of the exec-
9 utive law made by section three-a of this act shall take effect July 1,
10 2017 and shall expire and be deemed repealed June 30, 2021; provided
11 further that the amendments to section 172-b of the executive law made
12 by section three-b of this act shall take effect July 1, 2021; provided
13 further that the amendments to paragraph (a) of section 713 of the not-
14 for-profit corporation law made by section seventy-three of this act
15 shall take effect January 1, 2015; provided further that paragraph (f)
16 of section 713 of the not-for-profit corporation law added by section
17 seventy-three of this act shall take effect January 1, [2017] 2018;
18 provided further that section seventy-two of this act and paragraph (b)
19 of section 8-1.9 of the estates, powers and trusts law as added by
20 section one hundred thirty of this act shall not be applicable until
21 January 1, 2015 for any corporation or trust that had annual revenues of
22 less than 10,000,000 dollars in the last fiscal year ending prior to
23 January 1, 2014.
24 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15748-01-6
