The “Non-Profit Revitalization Act of 2013”, enacted by Chapter 549 of the Laws of 2013, was the first major overhaul of New York law relating to non-profit entities in forty years. The Act, effective July 1, 2014, dealt with issues of corporate governance, the disposition of assets of a not-for-profit corporation (“NPC”), self-dealing and...

In 2010 a series of amendments were proposed for Article 9 of the Uniform Commercial Code. Knowing it would take time for the individual state legislatures to pass these changes, a goal was set for the amendments to be enacted on July 1^st, 2013. Forty four states plus the District of Columbia met that date. New York did not. And a year...