Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 30, 2010 |
signed chap.420 |
Aug 18, 2010 |
delivered to governor |
Jun 09, 2010 |
returned to assembly passed senate |
May 27, 2010 |
3rd reading cal.605 substituted for s4403 |
Feb 01, 2010 |
referred to housing, construction and community development delivered to senate passed assembly |
Jan 06, 2010 |
ordered to third reading cal.51 returned to assembly died in senate |
Jul 16, 2009 |
committed to rules |
Jun 04, 2009 |
3rd reading cal.515 substituted for s4403 |
Apr 20, 2009 |
referred to housing, construction and community development delivered to senate passed assembly |
Apr 09, 2009 |
advanced to third reading cal.298 |
Apr 07, 2009 |
reported |
Jan 07, 2009 |
referred to housing |
Assembly Bill A620
Signed By Governor2009-2010 Legislative Session
Sponsored By
KAVANAGH
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2009-A620 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4403
- Law Section:
- General Business Law
- Laws Affected:
- Amd §352-e, Gen Bus L
2009-A620 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 620 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. KAVANAGH -- Multi-Sponsored by -- M. of A. BOYLAND, COLTON, FARRELL, RAIA, J. RIVERA, TOWNS -- read once and referred to the Committee on Housing AN ACT to amend the general business law, in relation to notification of cooperative or condominium self-dealing contract termination THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 352-e of the general business law is amended by adding a new subdivision 2-d to read as follows: 2-D. (A) FOR THE PURPOSES OF THIS SUBDIVISION THE TERM "SELF-DEALING CONTRACT" SHALL BE DEFINED AS ANY CONTRACT OR PORTION THEREOF WHICH IS ENTERED INTO AFTER OCTOBER EIGHTH, NINETEEN HUNDRED EIGHTY, AND WHICH: (I) PROVIDES FOR OPERATION, MAINTENANCE, OR MANAGEMENT OF A CONDOMIN- IUM OR COOPERATIVE ASSOCIATION IN A CONVERSION PROJECT, OR OF PROPERTY SERVING THE CONDOMINIUM OR COOPERATIVE UNIT OWNERS IN SUCH PROJECTS; (II) IS BETWEEN SUCH UNIT OWNERS OR SUCH ASSOCIATION AND THE DEVELOPER OR AN AFFILIATE OF THE DEVELOPER; (III) WAS ENTERED INTO WHILE SUCH ASSOCIATION WAS CONTROLLED BY THE DEVELOPER THROUGH SPECIAL DEVELOPER CONTROL OR BECAUSE THE DEVELOPER HELD A MAJORITY OF THE VOTES IN SUCH ASSOCIATION; (IV) IS FOR A PERIOD OF MORE THAN THREE YEARS, INCLUDING ANY AUTOMATIC RENEWAL PROVISIONS WHICH ARE EXERCISABLE AT THE SOLE OPTION OF THE DEVELOPER OR AN AFFILIATE OF THE DEVELOPER; AND (V) MAY NOT BE TERMINATED WITHOUT PENALTY BY SUCH UNIT OWNERS OR SUCH ASSOCIATION. (B) IN THE CASE OF OFFERINGS OF COOPERATIVES, CONDOMINIUMS OR OTHER INTERESTS IN REALTY COVERED BY THE PROVISIONS OF SECTION SIX HUNDRED EIGHT OF THE CONDOMINIUM AND COOPERATIVE ABUSE RELIEF ACT OF 1980, 15 U.S.C. 3607, THE ATTORNEY GENERAL SHALL REFUSE TO ISSUE A LETTER OF ACCEPTANCE UNLESS THE OFFERING STATEMENT, PROSPECTUS OR PLAN PROVIDES EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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