div#example { text-align: center; padding-top: 70px; }

NYS: Bill signed extending effective date of the prohibition on an employee serving as board chairperson

A bill amending section 713(f) of the Not-for-Profit Corporation Law (N-PCL) was signed by the Governor on October 26, 2015.  That section of the N-PCL prohibits an employee from serving as the chair of the board of a not-for-profit corporation.  The bill extended the effective date of N-PCL section 713(f) from January 1, 2016 to January 1, 2017.  The text of the bill is posted here