Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 11, 2015 |
signed chap.555 |
Nov 30, 2015 |
delivered to governor |
Jun 18, 2015 |
returned to senate passed assembly ordered to third reading rules cal.695 substituted for a8118b referred to codes delivered to assembly passed senate ordered to third reading cal.1842 |
Jun 11, 2015 |
print number 5868a |
Jun 11, 2015 |
amend and recommit to rules |
Jun 09, 2015 |
referred to rules |
Senate Bill S5868A
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Bill Amendments
2015-S5868 - Details
- See Assembly Version of this Bill:
- A8118
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd N-PC L, generally; amd §8-1.9, EPT L; amd §12, Rel Corp L
2015-S5868 - Sponsor Memo
BILL NUMBER: S5868 TITLE OF BILL : An act to amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to the reform of charitable corporations PURPOSE OR GENERAL IDEA OF BILL : Makes clarifying amendments to the not-for-profit corporation law SUMMARY OF SPECIFIC PROVISIONS : This bill adds clarifying amendments to certain sections of the not-for-profit corporation law, including: *Expanding the definition of "independent director"; *Adding "domestic partner" to the definition of "relative"; *Clarifying the definition of "related party"; *Clarifying that a director or person with a conflict of interest may attend committee meetings for the purpose of presenting information or answering questions; *Allowing corporations to post their conflict of interest policy on their websites.
2015-S5868 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5868 2015-2016 Regular Sessions I N S E N A T E June 9, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to the reform of charitable corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 6-a, 19, 21, 22, 23 and 25 of paragraph (a) of section 102 of the not-for-profit corporation law, as added by chapter 549 of the laws of 2013, are amended to read as follows: (6-a) "Entire board" means the total number of directors entitled to vote which the corporation would have if there were no vacancies. If the by-laws of the corporation provide that the board shall consist of a fixed number of directors, then the "entire board" shall consist of that number of directors. If the by-laws of any corporation provide that the board may consist of a range between a minimum and maximum number of directors, AND THE NUMBER WITHIN THAT RANGE HAS NOT BEEN FIXED IN ACCORDANCE WITH PARAGRAPH (A) OF SECTION SEVEN HUNDRED TWO OF THIS CHAP- TER, then the "entire board" shall consist of the number of directors within such range that were elected OR APPOINTED as of the most recently held election of directors, AS WELL AS ANY DIRECTORS WHOSE TERMS HAVE NOT YET EXPIRED. (19) An "affiliate" of a corporation means any entity controlled by, OR in control of, [or under common control with] such corporation. (21) "Independent director" means a director who: (i) is not, and has not been within the last three years, an employee of the corporation or an affiliate of the corporation, and does not have a relative who is, or has been within the last three years, a key employee of the corporation or an affiliate of the corporation; (ii) has not received, and does not have a relative who has received, in any of the last three fiscal years, more than ten thousand dollars in direct compensation from the corpo- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11470-02-5
2015-S5868A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8118
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd N-PC L, generally; amd §8-1.9, EPT L; amd §12, Rel Corp L
2015-S5868A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5868A TITLE OF BILL: An act to amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to the reform of charitable corporations PURPOSE OR GENERAL IDEA OF BILL: Makes clarifying amendments to the not-for-profit corporation law, SUMMARY OF SPECIFIC PROVISIONS: This bill adds clarifying amendments to certain sections of the not-for-profit corporation law, including: * Expanding the definition of "independent director"; * Adding "domestic partner" to the definition of "relative"; * Clarifying the definition of "related party"; * Clarifying that a director or person with a conflict of interest may attend committee meetings for the purpose of presenting information or answering questions; * Allowing corporations to post their conflict of interest policy on their websites. JUSTIFICATION: In 2013, the Non-Profit Revitalization Act of 201.3 was
2015-S5868A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5868--A 2015-2016 Regular Sessions I N S E N A T E June 9, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to the reform of charitable corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraphs 6-a, 19, 21, 22, 23 and 25 of paragraph (a) of section 102 of the not-for-profit corporation law, as added by chap- ter 549 of the laws of 2013, are amended to read as follows: (6-a) "Entire board" means the total number of directors entitled to vote which the corporation would have if there were no vacancies. If the by-laws of the corporation provide that the board shall consist of a fixed number of directors, then the "entire board" shall consist of that number of directors. If the by-laws of any corporation provide that the board may consist of a range between a minimum and maximum number of directors, AND THE NUMBER WITHIN THAT RANGE HAS NOT BEEN FIXED IN ACCORDANCE WITH PARAGRAPH (A) OF SECTION SEVEN HUNDRED TWO OF THIS CHAP- TER, then the "entire board" shall consist of the number of directors within such range that were elected OR APPOINTED as of the most recently held election of directors, AS WELL AS ANY DIRECTORS WHOSE TERMS HAVE NOT YET EXPIRED. (19) An "affiliate" of a corporation means any entity controlled by, OR in control of, [or under common control with] such corporation. (21) "Independent director" means a director who: (i) is not, and has not been within the last three years, an employee of the corporation or an affiliate of the corporation, and does not have a relative who is, or has been within the last three years, a key employee of the corporation or an affiliate of the corporation; (ii) has not received, and does not EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11470-04-5
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