· NY legislature · 2025-2026

Relates to the indemnification of directors, officers and key persons; and to repeal sections 721, 722 and 723 of the not-for-profit corporation law

Relates to the indemnification of directors, officers and key persons; ensures the survival of indemnification in case of a merger or consolidation of a corporation; provides that once a right to indemnification arises, it continues to benefit a former director, officer or key person's and their heirs and estate; ma…

Sponsor

Alicia Hyndman (D-NY)

Introduced

2025-02-20

Policy area

Law

Latest action

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS