Corrects tax errors made by the nonprofit revitalization act.

The bill amends the not-for-profit corporation law and the religious corporations law to correct tax errors made by the nonprofit revitalization act. It modifies the not-for-profit corporation law to allow a surviving or consolidated foreign corporation to be served with process in the state for any liability or obligation of a constituent corporation in a merger or consolidation. It also amends the religious corporations law to require a religious corporation to obtain leave of the court or the attorney general before selling, mortgaging, or leasing real property for more than five years.

Corrects tax errors made by the nonprofit revitalization act.

The bill amends the not-for-profit corporation law and the religious corporations law to correct tax errors made by the nonprofit revitalization act. It modifies the not-for-profit corporation law to allow a surviving or consolidated foreign corporation to be served with process in the state for any liability or obligation of a constituent corporation in a merger or consolidation. It also amends the religious corporations law to require a religious corporation to obtain leave of the court or the attorney general before selling, mortgaging, or leasing real property for more than five years.