assembly Bill A1267D

2019-2020 Legislative Session

Requires a uniform processes for considering applications to purchase condominiums or cooperatives

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Archive: Last Bill Status - On Floor Calendar


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 20, 2020 amended on third reading 1267d
Jan 08, 2020 ordered to third reading cal.63
Jun 14, 2019 amended on third reading 1267c
Jun 13, 2019 ordered to third reading rules cal.237
rules report cal.237
reported
Jun 05, 2019 amend and recommit to rules 1267b
Jun 04, 2019 reported referred to rules
May 31, 2019 print number 1267a
May 31, 2019 amend (t) and recommit to housing
Jan 14, 2019 referred to housing

Co-Sponsors

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Multi-Sponsors

A1267 - Details

See Senate Version of this Bill:
S6408
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add §519-b, N-PC L; add §728, BC L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3553
2011-2012: A3053
2013-2014: A4388
2015-2016: A6395
2017-2018: A3813
2021-2022: A1623, S2874

A1267 - Summary

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

A1267 - Bill Text download pdf


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

                                  1267

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2019
                               ___________

Introduced  by  M.  of A. PERRY, PAULIN, RAIA, DiPIETRO, PEOPLES-STOKES,
  BRABENEC, SEAWRIGHT -- Multi-Sponsored by -- M.  of  A.  COOK,  GALEF,
  LUPARDO, McDONOUGH -- read once and referred to the Committee on Hous-
  ing

AN  ACT  to  amend  the  real  property  law, in relation to cooperative
  purchase applications

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

  Section  1.  Legislative  findings.  The  legislature hereby finds and
declares that residential cooperative purchasers are  subject  to  proc-
esses  and  conditions  that  do  not  also apply to purchasers of other
single family residences. The legislature also finds  that  these  proc-
esses  and  conditions,  at  a minimum, give the appearance and have the
potential to be misused to illegally discriminate against a purchaser of
cooperative housing. Because this state  strongly  opposes  all  illegal
discrimination  and  promotes  fair  housing laws and regulations, it is
essential that the process for purchasing a cooperative dwelling include
additional safeguards to protect against  illegal  discrimination.  This
act is not intended and does not diminish the duty of cooperative boards
to uphold their established fiduciary duties. This act will significant-
ly  improve  the transparency of the cooperative purchase process to the
benefit of all parties involved in the transaction.
  § 2. The real property law is amended by adding a new  article  11  to
read as follows:
                               ARTICLE 11
                          COOPERATIVE PURCHASE
                              APPLICATIONS

SECTION 360. SHORT TITLE.
        361. DEFINITIONS.
        362. PURCHASE APPLICATIONS.
        363. ACTION UPON APPLICATIONS.
        364. PUBLIC POLICY.

Co-Sponsors

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Multi-Sponsors

A1267A - Details

See Senate Version of this Bill:
S6408
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add §519-b, N-PC L; add §728, BC L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3553
2011-2012: A3053
2013-2014: A4388
2015-2016: A6395
2017-2018: A3813
2021-2022: A1623, S2874

A1267A - Summary

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

A1267A - Bill Text download pdf


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

                                 1267--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2019
                               ___________

Introduced  by  M.  of A. PERRY, PAULIN, RAIA, DiPIETRO, PEOPLES-STOKES,
  BRABENEC, SEAWRIGHT -- Multi-Sponsored by -- M.  of  A.  COOK,  GALEF,
  LUPARDO, McDONOUGH -- read once and referred to the Committee on Hous-
  ing  --  committee  discharged,  bill  amended,  ordered  reprinted as
  amended and recommitted to said committee

AN ACT to amend the not-for-profit  corporation  law  and  the  business
  corporation law, in relation to cooperative purchase applications

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

  Section 1. The not-for-profit corporation law is amended by  adding  a
new section 519-b to read as follows:
§ 519-B. RESIDENTIAL COOPERATIVE CORPORATIONS; OWNERSHIP INTERESTS.
  (A)  THE BOARD OF DIRECTORS OR MANAGING AGENT OF ANY RESIDENTIAL COOP-
ERATIVE CORPORATION, INCORPORATED PURSUANT TO THIS CHAPTER, SHALL ESTAB-
LISH THROUGH AMENDMENTS TO ITS BY-LAWS UNIFORM PROCESSES FOR APPLYING TO
AND CONSIDERING APPLICATIONS FOR THE PURCHASE CERTIFICATES OF  STOCK,  A
PROPRIETARY  LEASE  OR  OTHER  EVIDENCE OF AN OWNERSHIP INTEREST IN SUCH
RESIDENTIAL COOPERATIVE CORPORATION.
  (B) WRITTEN NOTICE OF SUCH PROCESSES SHALL BE MADE  AVAILABLE  TO  ANY
PROSPECTIVE PURCHASERS AND PROSPECTIVE SELLERS, OR THEIR RESPECTIVE REAL
ESTATE  AGENTS,  PROMPTLY  UPON REQUEST. PROSPECTIVE PURCHASERS SHALL BE
REQUIRED TO CONFIRM RECEIPT OF SUCH NOTICE IN WRITING.
  (C) AT A MINIMUM, SUCH PROCESSES SHALL REQUIRE THE BOARD OF  DIRECTORS
OR  MANAGING  AGENT,  UPON  RECEIVING  AN APPLICATION FROM A PROSPECTIVE
PURCHASER, TO ACKNOWLEDGE RECEIPT OF SUCH APPLICATION AND TO INCLUDE  IN
SUCH  ACKNOWLEDGEMENT OF RECEIPT WHETHER THE APPLICATION SUBMITTED FULLY
SATISFIES THE REQUIREMENTS THEREFOR,  THE  WAY  OR  WAYS  THE  SUBMITTED
APPLICATION  IS INCOMPLETE, AND/OR ANY ADDITIONAL MATERIALS NECESSARY TO
EFFECTUATE CONSIDERATION OF THE APPLICATION.
  (D) THE PROCESSES ESTABLISHED PURSUANT TO THIS SECTION  SHALL  FURTHER
REQUIRE  THAT,  FOLLOWING  THE SUBMISSION OF A COMPLETED APPLICATION AND

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

Co-Sponsors

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Multi-Sponsors

A1267B - Details

See Senate Version of this Bill:
S6408
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add §519-b, N-PC L; add §728, BC L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3553
2011-2012: A3053
2013-2014: A4388
2015-2016: A6395
2017-2018: A3813
2021-2022: A1623, S2874

A1267B - Summary

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

A1267B - Bill Text download pdf


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

                                 1267--B

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2019
                               ___________

Introduced  by  M.  of A. PERRY, PAULIN, RAIA, DiPIETRO, PEOPLES-STOKES,
  BRABENEC, SEAWRIGHT -- Multi-Sponsored by -- M.  of  A.  COOK,  GALEF,
  LUPARDO, McDONOUGH -- read once and referred to the Committee on Hous-
  ing  --  committee  discharged,  bill  amended,  ordered  reprinted as
  amended and recommitted to said committee -- reported and referred  to
  the  Committee  on  Rules -- Rules Committee discharged, bill amended,
  ordered reprinted as amended and recommitted to the Committee on Rules

AN ACT to amend the not-for-profit  corporation  law  and  the  business
  corporation law, in relation to cooperative purchase applications

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

  Section 1. The not-for-profit corporation law is amended by  adding  a
new section 519-b to read as follows:
§ 519-B. RESIDENTIAL COOPERATIVE CORPORATIONS; OWNERSHIP INTERESTS.
  (A) THE BOARD OF DIRECTORS OF ANY RESIDENTIAL COOPERATIVE CORPORATION,
INCORPORATED  PURSUANT  TO  THIS CHAPTER, SHALL ESTABLISH THROUGH AMEND-
MENTS TO ITS BY-LAWS UNIFORM PROCESSES FOR APPLYING TO  AND  CONSIDERING
APPLICATIONS FOR THE PURCHASE CERTIFICATES OF STOCK, A PROPRIETARY LEASE
OR  OTHER  EVIDENCE OF AN OWNERSHIP INTEREST IN SUCH RESIDENTIAL COOPER-
ATIVE CORPORATION.
  (B) WRITTEN NOTICE OF SUCH PROCESSES SHALL BE MADE  AVAILABLE  TO  ANY
PROSPECTIVE PURCHASERS AND PROSPECTIVE SELLERS, OR THEIR RESPECTIVE REAL
ESTATE  AGENTS,  PROMPTLY  UPON REQUEST. PROSPECTIVE PURCHASERS SHALL BE
REQUIRED TO CONFIRM RECEIPT OF SUCH NOTICE IN WRITING.
  (C) AT A MINIMUM, SUCH PROCESSES SHALL REQUIRE THE BOARD OF DIRECTORS,
UPON RECEIVING AN APPLICATION FROM A PROSPECTIVE PURCHASER, TO  ACKNOWL-
EDGE  RECEIPT OF SUCH APPLICATION AND TO INCLUDE IN SUCH ACKNOWLEDGEMENT
OF  RECEIPT  WHETHER  THE  APPLICATION  SUBMITTED  FULLY  SATISFIES  THE
REQUIREMENTS  THEREFOR,  THE  WAY  OR  WAYS THE SUBMITTED APPLICATION IS
INCOMPLETE, AND/OR ANY  ADDITIONAL  MATERIALS  NECESSARY  TO  EFFECTUATE
CONSIDERATION OF THE APPLICATION.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A1267C - Details

See Senate Version of this Bill:
S6408
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add §519-b, N-PC L; add §728, BC L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3553
2011-2012: A3053
2013-2014: A4388
2015-2016: A6395
2017-2018: A3813
2021-2022: A1623, S2874

A1267C - Summary

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

A1267C - Bill Text download pdf


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

                                 1267--C
                                                           R. R. 237

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2019
                               ___________

Introduced  by  M.  of A. PERRY, PAULIN, RAIA, DiPIETRO, PEOPLES-STOKES,
  BRABENEC, SEAWRIGHT, BLAKE -- Multi-Sponsored by --  M.  of  A.  COOK,
  GALEF,  LUPARDO,  McDONOUGH -- read once and referred to the Committee
  on Housing -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee -- reported and referred  to
  the  Committee  on  Rules -- Rules Committee discharged, bill amended,
  ordered reprinted as amended and recommitted to the Committee on Rules
  -- amended on the special order of third reading, ordered reprinted as
  amended, retaining its place on the special order of third reading

AN ACT to amend the not-for-profit  corporation  law  and  the  business
  corporation law, in relation to cooperative purchase applications

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

  Section 1. The not-for-profit corporation law is amended by  adding  a
new section 519-b to read as follows:
§ 519-B. RESIDENTIAL COOPERATIVE CORPORATIONS; OWNERSHIP INTERESTS.
  (A)  ANY  RESIDENTIAL COOPERATIVE CORPORATION INCORPORATED PURSUANT TO
THIS CHAPTER, SHALL ESTABLISH UNIFORM  PROCESSES  FOR  APPLYING  TO  AND
CONSIDERING  APPLICATIONS  FOR  THE PURCHASE OF CERTIFICATES OF STOCK, A
PROPRIETARY LEASE OR OTHER EVIDENCE OF AN  OWNERSHIP  INTEREST  IN  SUCH
RESIDENTIAL COOPERATIVE CORPORATION.
  (B)  WRITTEN  NOTICE  OF SUCH PROCESSES SHALL BE MADE AVAILABLE TO ANY
PROSPECTIVE PURCHASERS AND PROSPECTIVE SELLERS, OR THEIR RESPECTIVE REAL
ESTATE AGENTS, PROMPTLY UPON REQUEST. PROSPECTIVE  PURCHASERS  SHALL  BE
REQUIRED TO CONFIRM RECEIPT OF SUCH NOTICE IN WRITING.
  (C)  AT A MINIMUM, SUCH PROCESSES SHALL REQUIRE THE COOPERATIVE CORPO-
RATION, UPON RECEIVING AN APPLICATION FROM A PROSPECTIVE  PURCHASER,  TO
ACKNOWLEDGE  RECEIPT OF SUCH APPLICATION AND TO INCLUDE IN SUCH ACKNOWL-
EDGEMENT OF RECEIPT WHETHER THE APPLICATION  SUBMITTED  FULLY  SATISFIES
THE  REQUIREMENTS THEREFOR, THE WAY OR WAYS THE SUBMITTED APPLICATION IS

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A1267D (ACTIVE) - Details

See Senate Version of this Bill:
S6408
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add §519-b, N-PC L; add §728, BC L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3553
2011-2012: A3053
2013-2014: A4388
2015-2016: A6395
2017-2018: A3813
2021-2022: A1623, S2874

A1267D (ACTIVE) - Summary

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

A1267D (ACTIVE) - Bill Text download pdf


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

                                 1267--D

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2019
                               ___________

Introduced  by  M. of A. PERRY, PAULIN, DiPIETRO, PEOPLES-STOKES, BRABE-
  NEC, SEAWRIGHT, BLAKE, RICHARDSON -- Multi-Sponsored by --  M.  of  A.
  COOK,  GALEF,  LUPARDO,  McDONOUGH  --  read  once and referred to the
  Committee on Housing -- committee discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee -- reported and
  referred to the Committee on Rules -- Rules Committee discharged, bill
  amended, ordered reprinted as amended and recommitted to the Committee
  on  Rules  --  amended  on the special order of third reading, ordered
  reprinted as amended, retaining its place  on  the  special  order  of
  third  reading  --  ordered  to  a  third reading, amended and ordered
  reprinted, retaining its place on the order of third reading

AN ACT to amend the not-for-profit  corporation  law  and  the  business
  corporation law, in relation to cooperative purchase applications

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

  Section 1. The not-for-profit corporation law is amended by  adding  a
new section 519-b to read as follows:
§ 519-B. RESIDENTIAL COOPERATIVE CORPORATIONS; OWNERSHIP INTERESTS.
  (A)  ANY  RESIDENTIAL COOPERATIVE CORPORATION INCORPORATED PURSUANT TO
THIS CHAPTER, SHALL ESTABLISH UNIFORM  PROCESSES  FOR  APPLYING  TO  AND
CONSIDERING  APPLICATIONS  FOR  THE PURCHASE OF CERTIFICATES OF STOCK, A
PROPRIETARY LEASE OR OTHER EVIDENCE OF AN  OWNERSHIP  INTEREST  IN  SUCH
RESIDENTIAL COOPERATIVE CORPORATION.
  (B)  WRITTEN  NOTICE  OF SUCH PROCESSES SHALL BE MADE AVAILABLE TO ANY
PROSPECTIVE PURCHASERS AND PROSPECTIVE SELLERS, OR THEIR RESPECTIVE REAL
ESTATE AGENTS, PROMPTLY UPON REQUEST.
  (C) AT A MINIMUM, SUCH PROCESSES SHALL REQUIRE THE COOPERATIVE  CORPO-
RATION,  UPON  RECEIVING AN APPLICATION FROM A PROSPECTIVE PURCHASER, TO
ACKNOWLEDGE RECEIPT OF SUCH APPLICATION WITHIN TWENTY-ONE  DAYS  AND  TO
INCLUDE  IN  SUCH  ACKNOWLEDGEMENT  OF  RECEIPT  WHETHER THE APPLICATION
SUBMITTED FULLY SATISFIES THE REQUIREMENTS THEREFOR, THE WAY OR WAYS THE

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