New York's Empire Blue Cross and Blue Shield conversion from nonprofit to for-profit form has considerable legal significance. Three aspects of the conversion make the case unique: the role of the state legislature in directing the disposition of the conversion assets, the fact that it made itself the primary beneficiary of those assets, and the actions of the state attorney general defending the state rather than the public interest in the charitable assets. Drawing on several centuries of common law rejecting the legislative power to direct the disposition of charitable funds, this article argues that the legislature lacked power to control the conversion and direct the disposition of its proceeds and that its actions not only undermined the nonprofit form but also raised constitutional concerns.

译文

:纽约的帝国蓝十字和蓝盾从非营利组织转换为营利组织具有相当大的法律意义。转换的三个方面使案件具有独特性:州立法机关在指导转换资产处置方面的作用,事实使其成为资产的主要受益人,以及州检察长为国家辩护的行为而不是慈善资产的公共利益。借鉴几个世纪以来的普通法,立法机构拒绝指导对慈善基金进行处置的权力,这篇文章认为,立法机关缺乏控制转换和引导其收益处置的权力,其行动不仅破坏了非营利组织的形式,而且破坏了非营利组织的形式。引起了宪法方面的关注。

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