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Senate Bill S5654

2015-2016 Legislative Session

Exempts clergymen from certain provisions of the not-for-profit corporation law

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Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2015-S5654 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Religious Corporations Law
Laws Affected:
Amd ยง2-b, Rel Corp L

2015-S5654 (ACTIVE) - Summary

Exempts clergymen from certain provisions of the not-for-profit corporation law.

2015-S5654 (ACTIVE) - Sponsor Memo

2015-S5654 (ACTIVE) - Bill Text download pdf 

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

                                  5654

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 22, 2015
                               ___________

Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN ACT to amend the religious corporations law, in relation to exempting
  clergymen  from  certain  provisions of the not-for-profit corporation
  law

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

  Section  1. Paragraph (c) of subdivision 1 of section 2-b of the reli-
gious corporations law, as amended by chapter 549 of the laws  of  2013,
is amended and a new paragraph (f) is added to read as follows:
  (c)  The  following  provisions  of the not-for-profit corporation law
shall not apply to religious corporations: subparagraphs (7) and (8)  of
paragraph  (a)  of section one hundred twelve, section one hundred four-
teen, section two hundred one,  section  three  hundred  three,  section
three  hundred  four,  section three hundred five, section three hundred
six, article four except section four hundred one, section five  hundred
fourteen,  that portion of PARAGRAPH (B) AND OF PARAGRAPH (C) OF section
five hundred fifty-five [(b) and section five  hundred  fifty-five  (c)]
which  reads  "The institution shall notify the donor, if available, and
the attorney general of the application, and the  attorney  general  and
such  donor  must  be  given  an  opportunity  to be heard", section six
hundred five, section six hundred seven, section six hundred nine, PARA-
GRAPH (F) OF SECTION SEVEN HUNDRED THIRTEEN, section eight hundred four,
article nine except section nine hundred  ten,  article  ten  except  as
provided  in section eleven hundred fifteen, section eleven hundred two,
and article fifteen except paragraph  (c)  of  section  fifteen  hundred
seven.
  (F)  FOR  PURPOSES  OF  RELATED PARTY TRANSACTIONS UNDER SECTION SEVEN
HUNDRED FIFTEEN OF THE NOT-FOR-PROFIT CORPORATION LAW, A "CLERGYMAN"  AS
DEFINED  BY  SECTION  TWO  OF  THIS  ARTICLE SHALL NOT BE DEEMED TO BE A
RELATED PARTY.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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