Hearing Transcript June 29 2009 Small Business Committee on Survial Bill
Corps Public Hearing Notice and Bill
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Transcript of Corps Public Hearing Notice and Bill
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SENATE STANDING COMMITTEE ON CORPORATIONS, AUTHORITIES AND COM
Senator Michael H. Ranzenhofer, Chairman
NOTICE OF PUBIC HEARING
OralTestimonyby Invitation Only
Wednesday, May22,2013Hearing Room B
Legislative Office Bldg.
Albany,NY 12247
10 a.m.- 12 noon
Friday, May 24, 2013Senate Hearing Room
250 Broadway
New York,NY10007
10 a.m.- 12 noon
Tuesday, May 28,Monroe County O
39 West Main St.
Rochester, NY14
10 a.m.- 12 noon
SUBJECT: To examine the amendment of the New York State Not-For-Profit Law
PURPOSE: The purpose of this hearing will be to examine comprehensive amendm
York State's Not-For-Profit Corporation Law in an effort to reduce unnecessary burden
nonprofits and to enhance nonprofitgovernance and oversight. The Corporations, Auth
Commissions Committee will convene to discuss Senate Bill S.3755-A, which would und
comprehensive revision of the Not-For-Profit Law. The Committee will also be solicitin
on the shortcomings of the currentNot-For-Profit Law, the benefits of proposed amend
current law and any suggestions forfurtherrevisions to the law.
The Not-For-Profit Law was enacted by Chapter 1066 of the Laws of 1969. Although th
been piecemeal amendments of the Law in the last forty plus years, there has not been
comprehensive review and update made.
The Not-For-Profit Law covers a diverse array ofentities, including membership corpo
cemetery corporations, fire corporations, religious societies, medical societies, alumni c
historical societies, agricultural societies, trade organizations, as well as charitable orga
hospitals and not-for profit nursing homes. Many of these entities are also regulated by
departments, including The Department of Health, the Office of the Attorney General anEducation Department.
These entitiesplay a vital role in the economy of ourstate,providing thousands of jobs
providing vital services on a daily basis. It is critical that the law remain up to date to e
those corporations falling under its aegis can operate as efficiently, in terms of both cos
ibl d t th ti th t i ht f th i ti ft f d d b d
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