Legal Opinion
Alco Gravure, Inc. v. Knapp Foundation
New York Court of Appeals
Decided March 28, 1985PublishedCited by 59 opinions
1Opinion of the Court
OPINION OF THE COURT
Meyer, J.
Because the Not-For-Profit Corporation Law (N-PCL) provisions governing a Type B corporation1 expressly incorporate a quasi-cy pres principle with respect to both the administration and use of its assets (§ 513 [b]; § 522) and the transfer of its assets on dissolution (§ 1005 [a] [3] [A]; § 1008 [a] [15]), section 804 of that law, which permits amendment of the certificate of incorporation of such a corporation, cannot be construed to authorize an amendment inconsistent with the purposes for which funds were given to the corporation without compliance with such…
2Cases cited18 opinions
- Douglaston Civic Ass'n v. GalvinNew York Court of Appeals · 1974
- Sherman v. Richmond Hose Co. No. 2New York Court of Appeals · 1921
- St. Joseph's Hospital v. BennettNew York Court of Appeals · 1939
- National Organization for Women v. State Division of Human RightsNew York Court of Appeals · 1974
- Trustees of the Sailors' Snug Harbor v. CarmodyNew York Court of Appeals · 1914
13 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- Consumers Union of U.S., Inc. v. StateNew York Court of Appeals · 2005
- Cassidy v. Board of EducationCourt of Appeals of Maryland · 1989
- Hooker v. Edes HomeDistrict of Columbia Court of Appeals · 1990
- Robert Schalkenbach Foundation v. Lincoln Foundation, Inc.Court of Appeals of Arizona · 2004
- Smithers v. St. Luke's-Roosevelt Hospital CenterAppellate Division of the Supreme Court of the State of New York · 2001
54 more not listed; retrieve them via the Exa API.