Legal Opinion
In Re Multiple Sclerosis Service Organization of New York, Inc.
New York Court of Appeals
Decided July 8, 1986PublishedCited by 10 opinions
1Opinion of the Court
OPINION OF THE COURT
Meyer, J.
The standard governing distribution of the assets of a charitable corporation being dissolved under the Not-For-Profit Corporation Law (N-PCL § 1005 [a] [3] [A]; § 1008 [a] [15] ["engaged in activities substantially similar to”]) is less restrictive and accords greater authority to the corporation’s board of directors and the courts than governs the distribution of the assets held by a trustee under a will or other instrument making a disposition for charitable purposes (EPTL 8-1.1 [c] ["will most effectively accomplish its general purposes”]) or the assets held…
2Cases cited12 opinions
- Tilden v. . GreenNew York Court of Appeals · 1891
- Sherman v. Richmond Hose Co. No. 2New York Court of Appeals · 1921
- Williams v. . WilliamsNew York Court of Appeals · 1853
- Holland v. . AlcockNew York Court of Appeals · 1888
- Alco Gravure, Inc. v. Knapp FoundationNew York Court of Appeals · 1985
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- People v. ArnoldNew York Court of Appeals · 2002
- Consumers Union of U.S., Inc. v. StateNew York Court of Appeals · 2005
- Episcopal Charities of Albany, Inc. v. Albany Medical Center-South Clinical CampusNew York Supreme Court · 2005
- In re Friends for Long Island's HeritageAppellate Division of the Supreme Court of the State of New York · 2010
- In re AbramsNew York Supreme Court · 1991
5 more not listed; retrieve them via the Exa API.