N.Y. Attorney General’s Office Releases Guidance on Property Appraisals for Transactions

The Charities Bureau in the Office of the New York State Attorney General  recently released Guidance on Appraisals of Property for Not-for-Profit and Religious Corporations Seeking Approval of Property Transactions by the Attorney General or the Court. This guidance is particularly timely given that many nonprofits, in New York and elsewhere, are likely having to consider selling property in order to shore up their finances because of the pandemic.

Lloyd Mayer