New York Not-For-Profit Corporation Law Section 557 - Application to existing institutional funds.

557. Application to existing institutional funds.
This  article  shall  apply  to  institutional  funds  existing  on or
  established after the effective date of  this  article.  As  applied  to
  institutional funds existing on the effective date of this article, this
  article  shall  govern  only decisions made or actions taken on or after
  that date.

Last modified: February 3, 2019