A new NYS law is about to make it much harder for a nonprofit to consolidate, merge, or dissolve. Previously, only a simple majority vote was required, but effective 10/31/2021, S3265 will require a two-thirds vote.Clearly, this new legislation will make it much harder for not-for-profit corporations to...
Showing posts with label Mergers. Show all posts
Showing posts with label Mergers. Show all posts
Thursday, August 05, 2021
05
Aug