Wednesday, March 23, 2011

"Protection of Charitable Assets Act" Update

The Uniform Law Commission (the same folks who brought us UPMIFA) has a project in the works called the "Protection of Charitable Assets Act." This project intends to address state oversight of charitable assets, notably the authority of the state attorney general, registration, and notice requirements for certain "life events."  The act focuses on the AG's role in charity governance, essentially complementing state statutes on charitable solicitations.

The drafting committee has a meeting scheduled for April 1-3, 2011, in Washington, D.C., to be followed, subject to progress, by a second (and final) reading at the July 2011 annual meeting of the commissioners.

The URL for the project, with the draft and memo for the April 2011 meeting (and earlier drafts and and memos), is

http://www.uniformlaws.org/Committee.aspx?title=Protection%20of%20Charitable%20Assets%20Act

If you have suggestions on this project, please send them to the Reporter, Susan Gary, at sgary@uoregon.edu.

JDC

http://lawprofessors.typepad.com/nonprofit/2011/03/protection-of-charitable-assets-act-update.html

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