Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 19, 2016 |
signed chap.260 |
Aug 08, 2016 |
delivered to governor |
Jun 15, 2016 |
returned to assembly passed senate 3rd reading cal.1029 substituted for s7552 |
Jun 15, 2016 |
substituted by a10251 |
May 25, 2016 |
advanced to third reading |
May 24, 2016 |
2nd report cal. |
May 23, 2016 |
1st report cal.1029 |
May 09, 2016 |
referred to corporations, authorities and commissions |
Senate Bill S7552
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A10251 - 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-S7552 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10251
- Law Section:
- Business Corporation Law
- Laws Affected:
- Amd §1503, BC L; add §1105, Lim Lil L; amd §28, Chap 475 of 2014
2015-S7552 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7552 TITLE OF BILL : An act to amend the business corporation law and the limited liability company law, in relation to the incorporation of certain businesses for the purpose of practicing professional geology; and to amend chapter 475 of the laws of 2014 amending the education law, the business corporation law and other laws relating to providing for the licensing of the profession of geology, in relation to the effectiveness thereof PURPOSE : To allow business corporations consisting of geologists to become professional service corporations or design professional service corporations by amending their certificates of incorporation, to allow limited liability companies to become professional service limited liability companies by amending their articles of organization and to correct technical errors in chapter 475 of the laws of 2014 to provide for a 15 month grace period for geologists to be licensed by the State Education Department and to form professional service corporations, design professional service corporations or professional service limited liability companies. SUMMARY OF PROVISIONS : Amends § 15O3 of the Business Corporation Law, § l105 of the Limited
2015-S7552 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7552 I N S E N A T E May 9, 2016 ___________ Introduced by Sen. MARCELLINO -- 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 business corporation law and the limited liability company law, in relation to the incorporation of certain businesses for the purpose of practicing professional geology; and to amend chap- ter 475 of the laws of 2014 amending the education law, the business corporation law and other laws relating to providing for the licensing of the profession of geology, in relation to the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1503 of the business corporation law is amended by adding two new paragraphs (b-6) and (b-7) to read as follows: (B-6) (1) PRIOR TO THE FIRST DAY OF MARCH, TWO THOUSAND EIGHTEEN, THE STATE EDUCATION DEPARTMENT AND THE DEPARTMENT OF STATE SHALL ALLOW AN EXISTING BUSINESS CORPORATION ORGANIZED UNDER ARTICLE FOUR OF THIS CHAP- TER TO BECOME A PROFESSIONAL CORPORATION AS DEFINED IN THIS ARTICLE FOR THE PURPOSE OF PRACTICING PROFESSIONAL GEOLOGY, PROVIDED THAT THE SURVIVING CORPORATION MEET ALL OF THE REQUIREMENTS TO BECOME A PROFES- SIONAL CORPORATION, INCLUDING THAT THE NAME OF A PROFESSIONAL CORPO- RATION SHALL END WITH THE WORDS "PROFESSIONAL CORPORATION" OR THE ABBRE- VIATION "P.C." BY AMENDING ITS CERTIFICATE OF INCORPORATION SO THAT IT CONTAINS THE FOLLOWING: (I) THE NAMES AND RESIDENCE ADDRESSES OF ALL INDIVIDUALS WHO WILL BE THE ORIGINAL SHAREHOLDERS, DIRECTORS AND OFFICERS OF THE PROFESSIONAL SERVICE CORPORATION; (II) A STATEMENT THAT THE PROFESSIONAL SERVICE CORPORATION IS FORMED PURSUANT TO THIS SECTION; AND (III) A STATEMENT THAT THE AMENDMENT SHALL NOT EFFECT A DISSOLUTION OF THE CORPORATION, BUT SHALL BE DEEMED A CONTINUATION OF ITS CORPORATE EXISTENCE, WITHOUT AFFECTING ITS THEN EXISTING PROPERTY RIGHTS OR LIABILITIES OR THE LIABILITIES OF ITS MEMBERS OR OFFICERS AS SUCH, BUT THEREAFTER IT SHALL HAVE ONLY SUCH RIGHTS, POWERS AND PRIVILEGES, AND BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15273-01-6
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