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November 2019 Business Legislation Alerts ![Blog-Banner.png](https://resources.clasinfo.com/hs-fs/hubfs/Clasinfo-Jan2017/Images/Blog-Banner.png?width=960&name=Blog-Banner.png "Blog-Banner.png") Posted on December 24, 2019 by [Kacy Flowers](https://resources.clasinfo.com/blog/author/kacy-flowers) - [Tweet](https://twitter.com/share) ![November 2019 Business Legislation Alerts](https://resources.clasinfo.com/hs-fs/hubfs/legislation-1.jpg?width=838&name=legislation-1.jpg) Two states achieved an important business legislation milestones during the month of November. Please see below for a summary of the new laws for entities in New York and Oklahoma. **NEW YORK** **Assembly Bill 433 Entities Affected:** Non-Profit CorporationsNew York Assembly Bill 433, effective November 8, 2019, amends the Not-for-Profit Corporation Law by subjecting key persons, as defined in the Law, to provisions regarding whistleblower policy, loans to directors and officers, lists of directors and officers and liabilities of directors and officers. View the [bill text.](https://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A00433&term=0&Summary=Y&Actions=Y&Text=Y) **OKLAHOMA** **House Bill 2423 Entities Affected: **CorporationsOklahoma House Bill 2423, effective November 1, 2019, amends the Corporations title by authorizing new and existing business corporations to become benefit corporations with the purpose of providing general and specific public benefit as defined in the Bill. View the [bill text:](http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20ENR/hB/HB2423%20ENR.PDF) **We’re here to help!** For questions about how these legislative changes may affect you or your clients, or to initiate a service request, contact CLAS at 800.952.5696 or [connect@clasinfo.com](mailto:connect@clasinfo.com). Or, simply click on [Contact CLAS](https://resources.clasinfo.com/get-in-touch), a CLAS representative will get back to you shortly. 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