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 CitizenryThe bill establishes a process for monitoring proprietary institutions that convert to nonprofit corporations under the "New Jersey Nonprofit Corporation Act." If such an institution converts, it m…Open in Informed Citizenry