N.Y. Not-for-Profit Corp. §§ 511 & 511-A: Not-for-Profit Corporation Law — Corporate Finance – New York
Status: EnactedYear Enacted: 1969
Year Amended: 2013
File: Download
Provides that a nonprofit corporation shall obtain court approval to sell, lease, exchange or dispose of all or substantially all its assets. Alternatively, in lieu of obtain court approval, a nonprofit corporation may seek approval of the attorney general to sell, lease, exchange or dispose of all or substantially all its assets.
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