The Soapbox and Toolbox for New York State's Nonprofits

April 2, 2015

[A Member Asks]: Are there exemptions for Chartered Organizations under NPRA?

NYCON is proud to have many arts, cultural and museum institutions among our members. Recently we were asked if there were exceptions to the new Nonprofit Corporation Law (NPRA) for Chartered Organizations, such as museums.
 

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Michael West, Esq., NYCON's Senior Legal Advisor Responds: 

"NPRA obligations are binding not only on Not-for-Profit Corporations, but charted educational institutions, in virtually all instances.  There are a limited number of exceptions, but none are material with respect to governance--most relate to structural issues (formation, merger/consolidation and dissolution) or property transfers (including those application to collections).  And, there certainly aren't specific carve-outs for museums.  If you have a 501(c)(3), the NPRA, basically, applies to you."


 

Want to learn more about the new regulations? Visit our Nonprofit Revitalization Act Resource Page. 

 

This newsletter is intended as an information source for members and friends of the New York Council of Nonprofits, Inc. The content should not be construed as legal advice, and readers should not act upon information in this publication without professional counsel. This material may not be considered attorney advertising.  


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NYCON develops and promotes an effective and vibrant charitable nonprofit community throughout New York State.  We strengthen organizational capacity, act as an advocate and unifying voice, help to inform philanthropic giving, and conduct research and planning to demonstrate relevance and impact.