S1801 — Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement.

S1801 — Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement. · Informed CitizenryThis bill establishes a formal system to track and oversee proprietary institutions—organizations that may operate for profit or have complex financial structures—when they undergo the process…Open in Informed Citizenry