Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email On October 26, 2015 Governor Cuomo signed into law Chapter 388 of the Laws of New York of 2015 (Assembly Bill A7641/Senate Bill 5738) delaying from January 1, 2016 to January 1, 2017 the effective date of the provision of the New York Not-for-Profit Corporation Law (“NPCL”) that will prohibit an employee of a corporation organized under the NPCL from serving as the chair of the board of the corporation or holding any other title with similar responsibilities. https://www.cadwalader.com/resources/clients-friends-memos/nonprofit-revitalization-act-employed-board-chair-prohibition-delayed-to-2017