On November 28, 2016, Governor Cuomo signed into law a set of clarifying amendments to New York’s Nonprofit Revitalization Act of 2013, which will take effect on May 27, 2017.

In this Legal Update, Pryor Cashman’s Nonprofit + Tax-Exempt Organizations practice examines the significant changes made to the rules concerning related party transactions, key personnel within organizations, conflict of interest oversight, and the ways in which Board committees are formed.

Read more about these and other changes to the Act in the full update.