Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 08, 2016 |
signed chap.5 |
Feb 25, 2016 |
delivered to governor |
Feb 24, 2016 |
returned to senate passed assembly ordered to third reading cal.385 substituted for a9175 |
Feb 24, 2016 |
substituted by s6379a |
Feb 18, 2016 |
advanced to third reading cal.385 |
Feb 09, 2016 |
reported |
Feb 01, 2016 |
referred to corporations, authorities and commissions |
Assembly Bill A9175
Signed By Governor2015-2016 Legislative Session
Sponsored By
STECK
Archive: Last Bill Status Via S6379 - Signed by Governor
- 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
Actions
Votes
2015-A9175 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6379
- Law Section:
- Business Corporation Law
- Laws Affected:
- Amd ยงยง630 & 1319, BC L
2015-A9175 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9175 I N A S S E M B L Y February 1, 2016 ___________ Introduced by M. of A. STECK -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the business corporation law, in relation to the appli- cability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corpo- rations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of section 630 of the business corporation law, as amended by a chapter of the laws of 2015, amending the business corporation law relating to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employ- ees for certain foreign corporations, as proposed in legislative bills numbers S.4476 and A.737, is amended to read as follows: (a) The ten largest shareholders, as determined by the fair value of their beneficial interest as of the beginning of the period during which the unpaid services referred to in this section are performed, of every domestic corporation [(other than an investment company registered as such under an act of congress entitled "Investment Company Act of 1940"),] or of any foreign corporation, when the unpaid services were performed in the state, no shares of which are listed on a national securities exchange or regularly quoted in an over-the-counter market by one or more members of a national or an affiliated securities associ- ation, shall jointly and severally be personally liable for all debts, wages or salaries due and owing to any of its laborers, servants or employees other than contractors, for services performed by them for such corporation. Before such laborer, servant or employee shall charge such shareholder for such services, he shall give notice in writing to such shareholder that he intends to hold him liable under this section. Such notice shall be given within one hundred and eighty days after termination of such services, except that if, within such period, the laborer, servant or employee demands an examination of the record of shareholders under paragraph (b) of section 624 (Books and records; right of inspection, prima facie evidence) of this article, such notice EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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