senate Bill S5167A

Signed By Governor
2013-2014 Legislative Session

Provides that a land bank may tender a bid on sales of property made pursuant to public sale, county charter, city charter, administrative code or special law, when no municipality elects to do so

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Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (19)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 27, 2013 signed chap.372
Sep 17, 2013 delivered to governor
Jun 20, 2013 returned to senate
passed assembly
ordered to third reading rules cal.538
substituted for a7245a
Jun 17, 2013 referred to codes
returned to assembly
repassed senate
Jun 10, 2013 amended on third reading 5167a
vote reconsidered - restored to third reading
Jun 07, 2013 returned to senate
recalled from assembly
May 30, 2013 referred to corporations, authorities and commissions
delivered to assembly
passed senate
May 29, 2013 ordered to third reading cal.814
committee discharged and committed to rules
May 13, 2013 referred to corporations, authorities and commissions

Votes

view votes

May 29, 2013 - Rules committee Vote

S5167
25
0
committee
25
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

S5167 - Details

See Assembly Version of this Bill:
A7245A
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §§1603 & 1616, N-PC L

S5167 - Summary

Provides that a land bank may tender a bid on sales of property made pursuant to public sale, county charter, city charter, administrative code or special law, when no municipality elects to do so.

S5167 - Sponsor Memo

S5167 - Bill Text download pdf

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

                                  5167

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

Introduced  by Sen. GRISANTI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT  to amend the not-for-profit corporation law, in relation to the
  sale of property to land banks

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

  Section  1.  Subparagraph  2  of  paragraph (a) of section 1603 of the
not-for-profit corporation law, as added by chapter 257 of the  laws  of
2011, is amended to read as follows:
  (2)  the  number  of  members  of  the board of directors, which shall
consist of an odd number of members, and shall be  not  less  than  five
members nor more than [eleven] FIFTEEN members;
  S  2.  Paragraph (i) of section 1616 of the not-for-profit corporation
law, as added by chapter 257 of the laws of 2011, is amended to read  as
follows:
  (i) Notwithstanding any other provision of law to the contrary, in the
event  that  no  municipality  elects  to  tender  a bid at a judicially
ordered sale pursuant to the provisions of section eleven hundred  thir-
ty-six  of  the real property tax law OR SALE PURSUANT TO A COUNTY CHAR-
TER, CITY CHARTER, ADMINISTRATIVE CODE, OR SPECIAL LAW,  the  land  bank
may  tender a bid at such sale in an amount equal to the total amount of
all municipal claims and liens which were the basis for the judgment. In
the event of such tender by the land bank the property shall  be  deemed
sold to the land bank regardless of any bids by any other third parties.
The  bid  of  the land bank shall be paid as to its form, substance, and
timing according to such agreement as  is  mutually  acceptable  to  the
plaintiff  and the land bank. The obligation of the land bank to perform
in accordance with such agreement shall be deemed to be in  full  satis-
faction of the municipal claim which was the basis for the judgment. The
land bank, as purchaser at such JUDICIALLY ORDERED sale OR SALE PURSUANT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09821-01-3

Co-Sponsors

S5167A (ACTIVE) - Details

See Assembly Version of this Bill:
A7245A
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §§1603 & 1616, N-PC L

S5167A (ACTIVE) - Summary

Provides that a land bank may tender a bid on sales of property made pursuant to public sale, county charter, city charter, administrative code or special law, when no municipality elects to do so.

S5167A (ACTIVE) - Sponsor Memo

S5167A (ACTIVE) - Bill Text download pdf

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

                                 5167--A
    Cal. No. 814

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

Introduced by Sens. GRISANTI, KENNEDY -- read twice and ordered printed,
  and  when  printed  to  be committed to the Committee on Corporations,
  Authorities and Commissions --  committee  discharged  and  said  bill
  committed  to  the  Committee on Rules -- reported favorably from said
  committee, ordered to a third reading, passed by Senate and  delivered
  to  the Assembly, recalled, vote reconsidered, restored to third read-
  ing, amended and ordered reprinted, retaining its place in  the  order
  of third reading

AN  ACT  to amend the not-for-profit corporation law, in relation to the
  sale of property to land banks

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

  Section  1.  Subparagraph  2  of  paragraph (a) of section 1603 of the
not-for-profit corporation law, as added by chapter 257 of the  laws  of
2011, is amended to read as follows:
  (2)  the  number  of  members  of  the board of directors, which shall
consist of an odd number of members, and shall be  not  less  than  five
members nor more than [eleven] FIFTEEN members;
  S  2.  Paragraph (i) of section 1616 of the not-for-profit corporation
law, as added by chapter 257 of the laws of 2011, is amended to read  as
follows:
  (i) Notwithstanding any other provision of law to the contrary, in the
event  that  no  municipality  elects  to  tender a bid at a [judicially
ordered] PUBLIC sale  pursuant  to  the  provisions  of  section  eleven
hundred  [thirty-six]  SIXTY-SIX  of  the  real property tax law OR SALE
PURSUANT TO THE PROVISIONS OF A COUNTY CHARTER, CITY  CHARTER,  ADMINIS-
TRATIVE  CODE,  OR  SPECIAL  LAW  WHEN  APPLICABLE  UNDER SECTION ELEVEN
HUNDRED FOUR OF THE REAL PROPERTY TAX LAW, the land bank  may  tender  a
bid at such sale in an amount equal to the total amount of all municipal
claims  and liens which were the basis for the judgment. In the event of
such tender by the land bank the property shall be deemed  sold  to  the

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

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