Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 08, 2016 |
signed chap.5 |
Feb 25, 2016 |
delivered to governor |
Feb 24, 2016 |
returned to senate passed assembly ordered to third reading cal.385 substituted for a9175 |
Feb 08, 2016 |
referred to corporations, authorities and commissions returned to assembly repassed senate |
Feb 02, 2016 |
amended on third reading 6379a |
Feb 02, 2016 |
vote reconsidered - restored to third reading returned to senate recalled from assembly |
Jan 12, 2016 |
referred to corporations, authorities and commissions delivered to assembly passed senate |
Jan 11, 2016 |
ordered to third reading cal.10 |
Jan 08, 2016 |
referred to rules |
Senate Bill S6379A
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-S6379 - Details
- See Assembly Version of this Bill:
- A9175
- Law Section:
- Business Corporation Law
- Laws Affected:
- Amd §§630 & 1319, BC L
2015-S6379 - Sponsor Memo
BILL NUMBER: S6379 TITLE OF BILL : An act to amend the business corporation law, in relation to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corporations PURPOSE : To provide technical amendments to Chapter 421 of the Laws of 2015 to ensure to ensure that foreign corporations are subject to business corporation law section 630, which stipulates that the ten largest shareholders of a corporation are liable for their employees' unpaid wages prior to ceasing operations. Domestic corporations are already subject to such provision. SUMMARY OF PROVISIONS : Section 1: Amends paragraph (a) of section 630 of the business corporation law, as amended by chapter 421 of the laws of 2015 to ensure domestic and foreign corporations are treated alike. Section 2: Amends paragraph (a) of section 1319 of the business corporation law to provide a statutory cross reference Section 3. Effective date.
2015-S6379 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6379 I N S E N A T E January 8, 2016 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the business corporation law, in relation to the appli- cability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corpo- rations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of section 630 of the business corporation law, as amended by chapter 421 of the laws of 2015, is amended to read as follows: (a) The ten largest shareholders, as determined by the fair value of their beneficial interest as of the beginning of the period during which the unpaid services referred to in this section are performed, of every domestic corporation [(other than an investment company registered as such under an act of congress entitled "Investment Company Act of 1940"),] or of any foreign corporation, when the unpaid services were performed in the state, no shares of which are listed on a national securities exchange or regularly quoted in an over-the-counter market by one or more members of a national or an affiliated securities associ- ation, shall jointly and severally be personally liable for all debts, wages or salaries due and owing to any of its laborers, servants or employees other than contractors, for services performed by them for such corporation. Before such laborer, servant or employee shall charge such shareholder for such services, he shall give notice in writing to such shareholder that he intends to hold him liable under this section. Such notice shall be given within one hundred and eighty days after termination of such services, except that if, within such period, the laborer, servant or employee demands an examination of the record of shareholders under paragraph (b) of section 624 (Books and records; right of inspection, prima facie evidence) of this article, such notice may be given within sixty days after he has been given the opportunity to examine the record of shareholders. An action to enforce such liability shall be commenced within ninety days after the return of an EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2015-S6379A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9175
- Law Section:
- Business Corporation Law
- Laws Affected:
- Amd §§630 & 1319, BC L
2015-S6379A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6379A TITLE OF BILL : An act to amend the business corporation law, in relation to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corporations PURPOSE : To provide technical amendments to Chapter 421 of the Laws of 2015 to ensure to ensure that foreign corporations are subject to business corporation law section 630, which stipulates that the ten largest shareholders of a corporation are liable for their employees' unpaid wages prior to ceasing operations. Domestic corporations are already subject to such provision. SUMMARY OF PROVISIONS : Section 1: Amends paragraph (a) of section 630 of the business corporation law, as amended by chapter 421 of the laws of 2015 to ensure domestic and foreign corporations are treated alike. Section 2: Amends paragraph (a) of section 1319 of the business corporation law to provide a statutory cross reference Section 3. Effective date.
2015-S6379A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6379--A Cal. No. 10 I N S E N A T E January 8, 2016 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- reported favora- bly from said committee, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the business corporation law, in relation to the appli- cability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corpo- rations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of section 630 of the business corporation law, as amended by a chapter of the laws of 2015, amending the business corporation law relating to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employ- ees for certain foreign corporations, as proposed in legislative bills numbers S.4476 and A.737, is amended to read as follows: (a) The ten largest shareholders, as determined by the fair value of their beneficial interest as of the beginning of the period during which the unpaid services referred to in this section are performed, of every domestic corporation [(other than an investment company registered as such under an act of congress entitled "Investment Company Act of 1940"),] or of any foreign corporation, when the unpaid services were performed in the state, no shares of which are listed on a national securities exchange or regularly quoted in an over-the-counter market by one or more members of a national or an affiliated securities associ- ation, shall jointly and severally be personally liable for all debts, wages or salaries due and owing to any of its laborers, servants or employees other than contractors, for services performed by them for such corporation. Before such laborer, servant or employee shall charge such shareholder for such services, he shall give notice in writing to such shareholder that he intends to hold him liable under this section. Such notice shall be given within one hundred and eighty days after EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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