Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2016 |
committed to rules |
May 25, 2016 |
advanced to third reading |
May 24, 2016 |
2nd report cal. |
May 23, 2016 |
1st report cal.1022 |
May 19, 2016 |
print number 5370b |
May 19, 2016 |
amend (t) and recommit to corporations, authorities and commissions |
Jan 06, 2016 |
referred to corporations, authorities and commissions |
May 28, 2015 |
print number 5370a |
May 28, 2015 |
amend and recommit to corporations, authorities and commissions |
May 14, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S5370
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
Votes
Bill Amendments
2015-S5370 - Details
- Current Committee:
- Senate Rules
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §713, N-PC L
2015-S5370 - Sponsor Memo
BILL NUMBER:S5370 TITLE OF BILL: An act to amend the not-for-profit corporation law, in relation to corporations serving as chair of a board PURPOSE OR GENERAL IDEA OF BILL: To provide an exception to the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation. SUMMARY OF SPECIFIC PROVISIONS: Section one: Provides an exception to the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation. Section two of the bill establishes the effective date. JUSTIFICATION: Paragraph (f) of section 713 of the Not-For-Profit Law was added in the Not-For-Profit Revitalization Act of 2013 and will become effective on January 1, 2016.
2015-S5370 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5370 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to corporations serving as chair of a board THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (f) of section 713 of the not-for-profit corpo- ration law, as added by chapter 549 of the laws of 2013, is amended to read as follows: (f) No employee of the corporation shall serve as chair of the board or hold any other title with similar responsibilities UNLESS THE BOARD APPROVES SUCH EMPLOYEE SERVING AS CHAIR OF THE BOARD BY A MAJORITY VOTE OF THE WHOLE BOARD AND CONTEMPORANEOUSLY DOCUMENTS IN WRITING THE BASIS FOR THE BOARD APPROVAL INCLUDING THE BOARD'S CONSIDERATION OF ALTERNA- TIVE OPTIONS. THE CONTEMPORANEOUSLY DOCUMENTED BASIS OF SUCH APPROVAL SHALL BE PROVIDED TO THE ATTORNEY GENERAL WITHIN SIXTY DAYS OF SUCH APPROVAL IN WRITTEN OR ELECTRONIC FORM. S 2. This act shall take effect on the same date and in the same manner as paragraph (f) of section 713 of the not-for-profit corporation law, takes effect, pursuant to chapter 549 of the laws of 2013, as amended. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10810-01-5
2015-S5370A - Details
- Current Committee:
- Senate Rules
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §713, N-PC L
2015-S5370A - Sponsor Memo
BILL NUMBER:S5370A TITLE OF BILL: An act to amend the not-for-profit corporation law, in relation to corporations serving as chair of a board PURPOSE OR GENERAL IDEA OF BILL: To provide an exception to the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Provides an exception to the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation. Section 2: Establishes the effective date. JUSTIFICATION: Paragraph (f) of section 713 of the Not-For-Profit Law was added in the Not-For-Profit Revitalization Act of 2013 and will become effective on January 1, 2016.
2015-S5370A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5370--A 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the not-for-profit corporation law, in relation to corporations serving as chair of a board THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (f) of section 713 of the not-for-profit corpo- ration law, as added by chapter 549 of the laws of 2013, is amended to read as follows: (f) No employee of the corporation shall serve as chair of the board or hold any other title with similar responsibilities UNLESS THE BOARD APPROVES SUCH EMPLOYEE SERVING AS CHAIR OF THE BOARD BY A MAJORITY VOTE OF THE WHOLE BOARD AND CONTEMPORANEOUSLY DOCUMENTS IN WRITING THE BASIS FOR THE BOARD APPROVAL INCLUDING THE BOARD'S CONSIDERATION OF ALTERNA- TIVE OPTIONS; PROVIDED, HOWEVER, THAT NO SUCH EMPLOYEE SHALL BE CONSID- ERED AN INDEPENDENT DIRECTOR. S 2. This act shall take effect on the same date and in the same manner as paragraph (f) of section 713 of the not-for-profit corporation law, takes effect, pursuant to chapter 549 of the laws of 2013, as amended. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10810-03-5
2015-S5370B (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §713, N-PC L
2015-S5370B (ACTIVE) - Sponsor Memo
BILL NUMBER: S5370B TITLE OF BILL : An act to amend the not-for-profit corporation law, in relation to an employee of a not-for-profit corporation serving as chair of the board PURPOSE OR GENERAL IDEA OF BILL : To establish certain procedures to allow the board of a not-for-profit corporation to approve the appointment of an employee of the corporation to serve as chairperson of its board of directors. SUMMARY OF SPECIFIC PROVISIONS : Section one - would allow an employee of a nonprofit corporation to serve as chairperson of the board of directors provided that the appointment is approved by two-thirds of the entire board and sets forth in writing the reasons for approval. The bill further adds that such employee/chairperson shall not be considered an "independent director" for the purposes of the not-for-profit corporation law. Section two - of the bill provides that this act shall take effective on the same date and in the same manner as section 73 of Chapter 549 of the Laws of 2013, takes effect. The effective date of section 73 has been extended by Chapter 81 of the Laws of 2014 and Chapter 388 of
2015-S5370B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5370--B 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Corporations, Authorities and Commissions in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the not-for-profit corporation law, in relation to an employee of a not-for-profit corporation serving as chair of the board THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (f) of section 713 of the not-for-profit corpo- ration law, as added by chapter 549 of the laws of 2013, is amended to read as follows: (f) No employee of the corporation shall serve as chair of the board or hold any other title with similar responsibilities UNLESS THE BOARD APPROVES SUCH EMPLOYEE SERVING AS CHAIR OF THE BOARD BY TWO-THIRDS VOTE OF THE ENTIRE BOARD AND CONTEMPORANEOUSLY DOCUMENTS IN WRITING THE BASIS FOR THE BOARD APPROVAL; PROVIDED, HOWEVER, THAT NO SUCH EMPLOYEE SHALL BE CONSIDERED AN INDEPENDENT DIRECTOR. S 2. This act shall take effect on the same date and in the same manner as section 73 of chapter 549 of the laws of 2013, takes effect. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10810-06-6
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