ACT 087, HB1027 HD1 SD2, 7/05/2017

Posted on Jul 7, 2017 in 2017 Acts

RELATING TO NONPROFIT CORPORATIONS

Amends the nonprofit corporations law to: restore procedures that allow nonprofit corporations to convert into and out of domestic nonprofit corporations; impose a duty of loyalty on directors and officers of nonprofit corporations; and increase the length of time the attorney general has to review proposed dissolutions of public benefit corporations.

ACT 087, HB1027 HD1 SD2