A recent amendment to the Religious Corporations Law that affects the procedures, set forth in Article 5 of the Not-for-Profit Corporations Law, to be followed by religious corporations when they sell, mortgage or lease for a term exceeding five years any of their real property. Religious corporations may now petition either the Court or the Attorney General for approval of such transactions. Also attached is a checklist of the documents and information to be included in a petition seeking such approval.
Link to NYS Charities Bureau Announcement
LInk to NYS Charities Bureau Property Transaction checklist
