assembly Bill A6870

2015-2016 Legislative Session

Requires the board of directors of residential cooperative corporations and not-for-profit corporations to provide members with changes to the by-laws in writing

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2016 referred to housing
Apr 08, 2015 referred to housing

A6870 (ACTIVE) - Details

Law Section:
Cooperative Corporations Law
Laws Affected:
Amd §16, add §78, Coop Corps L; amd §602, add §624, N-PC L
Versions Introduced in Other Legislative Sessions:
2017-2018: A3830
2019-2020: A456

A6870 (ACTIVE) - Summary

Requires the board of directors of residential cooperative corporations and not-for-profit corporations to provide members, stockholders, and delegates with changes to the by-laws in writing within ten days of adoption; requires notification to tenants of changes affecting occupancy or the rules of the building.

A6870 (ACTIVE) - Bill Text download pdf

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

                                  6870

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 8, 2015
                               ___________

Introduced  by  M.  of  A.  ROSENTHAL  --  read once and referred to the
  Committee on Housing

AN ACT to amend the cooperative corporations law and the  not-for-profit
  corporation  law,  in  relation to requiring the board of directors of
  residential cooperative corporations and  not-for-profit  corporations
  to  provide  members,  stockholders, and delegates with changes to the
  by-laws in writing within ten days of adoption; in relation to notifi-
  cation to tenants of changes affecting occupancy or the rules  of  the
  building

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

  Section 1. Section 16 of the cooperative corporations law  is  amended
to read as follows:
  S  16.  By-laws. 1. The by-laws may provide for their amendment by the
board of directors; but any amendment adopted  by  the  board  shall  be
reported  to  the annual meeting of the corporation and, if not affirma-
tively approved thereat, shall cease to be in  effect.  By-laws  may  be
adopted,  repealed  or  amended on the affirmative vote of two-thirds of
the members, stockholders or delegates voting thereon at a meeting  held
after  due  written  notice  setting  forth  the proposed action and the
purpose of the meeting.
  2. IN  THE  CASE  OF  RESIDENTIAL  COOPERATIVE  CORPORATIONS,  CHANGES
INCLUDING  THE ADOPTION, AMENDMENT OR REPEAL OF THE BY-LAWS BY THE BOARD
OF DIRECTORS SHALL BE PROVIDED TO THE MEMBERS, STOCKHOLDERS, AND  DELEG-
ATES OF SUCH CORPORATION IN WRITING WITHIN TEN DAYS OF SUCH ADOPTION.
  S  2.    The  cooperative  corporations law is amended by adding a new
section 78 to read as follows:
  S 78. NOTIFICATION TO TENANTS. MEMBERS, STOCKHOLDERS AND DELEGATES WHO
POSSESS UNITS IN A  RESIDENTIAL  COOPERATIVE  CORPORATION  SHALL  NOTIFY
TENANTS  WITHIN  TEN  DAYS  OF  RECEIPT OF NOTIFICATION OF THE ADOPTION,
AMENDMENT OR REPEAL OF THE BY-LAWS BY THE BOARD OF DIRECTORS PURSUANT TO

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06920-03-5