senate Bill S54

2013-2014 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to housing, construction and community development
Jan 09, 2013 referred to housing, construction and community development

S54 - 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 Previous Legislative Sessions:
2011-2012: S604, A798
2009-2010: S7545, A834

S54 - 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.

S54 - Sponsor Memo

S54 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E


                             January 9, 2013

Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

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

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


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