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Assembly Bill A7528

2015-2016 Legislative Session

Relates to the disposition of property by a land bank

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2015-A7528 (ACTIVE) - Details

Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd ยง1609, N-PC L

2015-A7528 (ACTIVE) - Summary

Relates to the disposition of property by a land bank; provides that section 1609 of the not-for-profit corporation law shall supersede section 2897 of the public authorities law.

2015-A7528 (ACTIVE) - Bill Text download pdf 

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

                                  7528

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 15, 2015
                               ___________

Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
  Committee on Local Governments

AN ACT to amend the not-for-profit corporation law, in relation  to  the
  disposition of property by a land bank

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

  Section 1. Section 1609  of  the  not-for-profit  corporation  law  is
amended by adding a new paragraph (a-1) to read as follows:
  (A-1) THIS SECTION GOVERNING THE DISPOSITION OF PROPERTY BY LAND BANKS
SHALL  SUPERSEDE SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN OF THE PUBLIC
AUTHORITIES LAW IN THE GOVERNANCE OF PROPERTY DISPOSITIONS BY LAND BANKS
AND, AS SUCH, NOTWITHSTANDING ANY OTHER GENERAL, SPECIAL OR LOCAL LAW TO
THE CONTRARY, SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN  OF  THE  PUBLIC
AUTHORITIES LAW SHALL NOT APPLY TO LAND BANKS.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10883-01-5

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