In January, we wrote about new laws that Governor Kathy Hochul signed in November 2021, that permanently gave New York not-for-profit corporations and religious corporations the ability to hold virtual meetings beyond the expiration of any emergency declarations related to COVID-19. Although the new laws made the option of virtual meetings permanent, “secular” not-for-profit corporations and religious corporations were treated differently.
A not-for-profit corporation’s board of directors could choose to hold an “all virtual” meeting (where attendance is solely by means of electronic communication, with no “in person” attendance) or a hybrid meeting (where some attend by means of electronic communication, and others attend…
What to Know About Buy-Sell Agreements – Post Connelly