assembly Bill A10336A

Signed By Governor
2017-2018 Legislative Session

Establishes the required number of members in a corporation

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Sponsored By

Archive: Last Bill Status - Signed by Governor

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

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 21, 2018 signed chap.411
Dec 11, 2018 delivered to governor
Jun 20, 2018 returned to assembly
passed senate
3rd reading cal.2065
substituted for s8699
May 30, 2018 referred to corporations, authorities and commissions
delivered to senate
passed assembly
May 17, 2018 advanced to third reading cal.936
May 14, 2018 reported
May 10, 2018 print number 10336a
May 10, 2018 amend and recommit to corporations, authorities and commissions
Apr 10, 2018 referred to corporations, authorities and commissions

Votes

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Jun 20, 2018 - floor Vote

A10336A
58
2
floor
58
Aye
2
Nay
0
Absent
3
Excused
0
Abstained
show floor vote details

Floor Vote: Jun 20, 2018

aye (58)
nay (2)
excused (3)

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

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Multi-Sponsors

A10336 - Details

See Senate Version of this Bill:
S8699
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §601, N-PC L

A10336 - Summary

Establishes that no corporation shall have a membership comprised of fewer than three persons, except for a corporation that has no members; may have a corporation, joint-stock association, unincorporated association or partnership as a sole member, if it is owned or controlled by no fewer than three persons.

A10336 - Bill Text download pdf 


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

                                  10336

                          I N  A S S E M B L Y

                             April 10, 2018
                               ___________

Introduced by M. of A. PAULIN, COOK, MONTESANO, BARRON, GUNTHER, JAFFEE,
  MAGNARELLI,  RIVERA,  ERRIGO -- Multi-Sponsored by -- M. of A. CROUCH,
  LAWRENCE -- read once and referred to the Committee  on  Corporations,
  Authorities and Commissions

AN  ACT  to  amend  the  not-for-profit  corporation law, in relation to
  requiring that no corporation have a membership of  fewer  than  three
  persons

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

  Section 1. Paragraph (a) of section 601 of the  not-for-profit  corpo-
ration law, as amended by chapter 549 of the laws of 2013, is amended to
read as follows:
  (a)  A  corporation  shall have one or more classes of members, or, in
the case of a charitable corporation, may have no members, in which case
any such provision for classes of members or for no members shall be set
forth in the certificate of incorporation or the by-laws.  Corporations,
joint-stock  associations, unincorporated associations and partnerships,
as well as any other person without limitation, may be members, PROVIDED
HOWEVER, THAT EFFECTIVE JULY FIRST, TWO  THOUSAND  NINETEEN,  NO  CORPO-
RATION SHALL HAVE A MEMBERSHIP COMPRISED OF FEWER THAN THREE PERSONS OR,
IF  THE  SOLE MEMBER, A CORPORATION, JOINT-STOCK ASSOCIATION, UNINCORPO-
RATED ASSOCIATION AND PARTNERSHIP OWNED  OR  CONTROLLED  BY  FEWER  THAN
THREE PERSONS.
  § 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15274-01-8

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A10336A (ACTIVE) - Details

See Senate Version of this Bill:
S8699
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §601, N-PC L

A10336A (ACTIVE) - Summary

Establishes that no corporation shall have a membership comprised of fewer than three persons, except for a corporation that has no members; may have a corporation, joint-stock association, unincorporated association or partnership as a sole member, if it is owned or controlled by no fewer than three persons.

A10336A (ACTIVE) - Bill Text download pdf 


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

                                10336--A

                          I N  A S S E M B L Y

                             April 10, 2018
                               ___________

Introduced by M. of A. PAULIN, COOK, MONTESANO, BARRON, GUNTHER, JAFFEE,
  MAGNARELLI,  RIVERA,  ERRIGO,  GALEF -- Multi-Sponsored by -- M. of A.
  CROUCH, LAWRENCE -- read once and referred to the Committee on  Corpo-
  rations,  Authorities  and  Commissions  -- 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
  requiring that no corporation have a membership of  fewer  than  three
  persons

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

  Section 1. Paragraph (a) of section 601 of the  not-for-profit  corpo-
ration law, as amended by chapter 549 of the laws of 2013, is amended to
read as follows:
  (a)  A  corporation  shall have one or more classes of members, or, in
the case of a charitable corporation, may have no members, in which case
any such provision for classes of members or for no members shall be set
forth in the certificate of incorporation or the by-laws.  Corporations,
joint-stock  associations, unincorporated associations and partnerships,
as well as any other person without limitation, may be members, PROVIDED
HOWEVER, THAT EFFECTIVE JULY FIRST, TWO  THOUSAND  NINETEEN,  NO  CORPO-
RATION EXCEPT A CORPORATION THAT HAS NO MEMBERS, SHALL HAVE A MEMBERSHIP
COMPRISED  OF FEWER THAN THREE PERSONS.  A CORPORATION MAY HAVE A CORPO-
RATION, JOINT-STOCK ASSOCIATION, UNINCORPORATED ASSOCIATION OR  PARTNER-
SHIP  AS  A  SOLE  MEMBER, IF SUCH CORPORATION, JOINT-STOCK ASSOCIATION,
UNINCORPORATED ASSOCIATION OR PARTNERSHIP IS OWNED OR CONTROLLED  BY  NO
FEWER THAN THREE PERSONS.
  § 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15274-02-8