senate Bill S604

2011-2012 Legislative Session

Relates to voting rights in cooperative apartments

download bill text pdf

Sponsored By

Archive: Last Bill Status -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 12, 2012 committee discharged and committed to rules
Mar 08, 2012 notice of committee consideration - requested
Jan 04, 2012 referred to consumer protection
Jan 05, 2011 referred to consumer protection

S604 - Details

See Assembly Version of this Bill:
Law Section:
General Business Law
Laws Affected:
Amd ยงยง352-ee, 352-eee & 352-eeee, Gen Bus L
Versions Introduced in 2009-2010 Legislative Session:
S7545, A834

S604 - Summary

Provides that the sponsor of a cooperative apartment building or condominium units may not continue to sit on the board or to vote after the transfer to the cooperative corporation or condominium ownership.

S604 - Sponsor Memo

S604 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                       2011-2012 Regular Sessions

                            I N  S E N A T E


                             January 5, 2011

Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Consumer Protection

AN ACT to amend the general business law, in relation to  prohibiting  a
  sponsor from becoming a director or voting on the board after a build-
  ing  has  been converted to a cooperative apartment building or condo-
  minium ownership


  Section  1. Paragraphs (iv) and (v) of subdivision 1 of section 352-ee
of the general business law, as added by chapter  509  of  the  laws  of
1978, are amended and a new paragraph (vi) is added to read as follows:
  (iv) a statement, satisfactory to the attorney general, that it is the
obligation  of  the sponsor to complete all alterations and improvements
to individual spaces or dwelling units in compliance with such  approved
plans  within the time specified in the plan or, if the sponsor does not
undertake such obligation, that it is the obligation of  the  individual
owners of shares in the cooperative corporation or of condominium units,
under  the supervision of the cooperative corporation or, in the case of
a condominium, under the  supervision  of  the  board  of  managers,  to
complete  such alterations and improvements within the time specified in
the plan; [and]
  (v) a statement that a permanent certificate of occupancy is  required
for  permanent residential use of the premises, that a temporary certif-
icate of occupancy may only be renewed for a total period of  two  years
from  the  date  of  its  original  issuance  and that, if the temporary
certificate of occupancy shall have expired prior to obtaining a  perma-
nent  certificate  of  occupancy,  residential occupancy of the premises
will be in violation of the multiple dwelling law, subjecting the  occu-
pants  and the cooperative corporation and its board of directors or, in
the case of a condominium, the unit owners and  board  of  managers,  to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.


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