Assembly Bill A8480

2011-2012 Legislative Session

Relates to excluding oil, gas or mineral land leases from leases that may be recorded by memorandum of lease

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2011-A8480 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §291-c, RP L
Versions Introduced in Other Legislative Sessions:
2013-2014: A842
2015-2016: A5391
2017-2018: A2511

2011-A8480 (ACTIVE) - Summary

Relates to excluding oil, gas and mineral land leases from leases that may be recorded by memorandum of lease.

2011-A8480 (ACTIVE) - Bill Text download pdf

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

                                  8480

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 17, 2011
                               ___________

Introduced  by  M.  of A. LIFTON, P. RIVERA, JAFFEE, ROSENTHAL -- Multi-
  Sponsored by -- M. of A.  DINOWITZ, GLICK, GOTTFRIED,  NOLAN  --  read
  once and referred to the Committee on Judiciary

AN ACT to amend the real property law, in relation to excluding oil, gas
  or  mineral land leases from leases that may be recorded by memorandum
  of lease

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 291-c of the real property law, as added by chapter
602 of the laws of 1957, is amended to read as follows:
  S 291-c. Recording memoranda of leases.  In lieu of the recording of a
lease  for a term exceeding three years, pursuant to section two hundred
ninety-one of this chapter, there may be recorded  with  like  effect  a
memorandum of such lease, executed by all persons who are parties to the
lease, and acknowledged or proved, and certified, in the manner to enti-
tle  a  conveyance  to be recorded; PROVIDED, HOWEVER, THE PROVISIONS OF
THIS SECTION SHALL NOT APPLY TO THE RECORDING OF  OIL,  GAS  OR  MINERAL
LAND  LEASES.  A  memorandum of lease thus entitled to be recorded shall
contain at least the following information with respect  to  the  lease:
the  name of the lessor and the name of the lessee and the addresses, if
any, set forth in the lease as addresses of such parties; a reference to
the lease, with its date of execution; a description of the leased prem-
ises in the form contained in the lease; the term of the lease, with the
date of commencement and the date of termination of such  term,  and  if
there  is  a right of extension or renewal, the maximum period for which
or date to which the lease may be extended or the  number  of  times  or
date  to  which  it  may be renewed, and the date or dates on which such
rights of extension or renewal are exercisable.
  Whenever a memorandum of lease is presented for recording,  the  lease
shall  also  be  submitted  to  the recording officer for the purpose of
examination to determine whether or not  such  memorandum  of  lease  is

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11763-03-1
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.