senate Bill S2267

Signed By Governor
2019-2020 Legislative Session

Relates to the regulation of key persons

download bill text pdf

Sponsored By

Current Bill Status Via A433 - Signed by Governor


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 08, 2019 signed chap.445
Oct 28, 2019 delivered to governor
Apr 08, 2019 returned to assembly
passed senate
3rd reading cal.287
substituted for s2267
Apr 08, 2019 substituted by a433
Mar 14, 2019 advanced to third reading
Mar 13, 2019 2nd report cal.
Mar 12, 2019 1st report cal.287
Jan 23, 2019 referred to corporations, authorities and commissions

Votes

view votes

Mar 12, 2019 - Corporations, Authorities and Commissions committee Vote

S2267
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Mar 12, 2019

Co-Sponsors

S2267 (ACTIVE) - Details

See Assembly Version of this Bill:
A433
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §§715-b, 716, 717, 718 & 720-a, N-PC L
Versions Introduced in 2017-2018 Legislative Session:
S8216, A10654

S2267 (ACTIVE) - Summary

Provides for the regulation of key persons in addition to directors and officers of certain corporations.

S2267 (ACTIVE) - Sponsor Memo

S2267 (ACTIVE) - Bill Text download pdf


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

                                  2267

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 23, 2019
                               ___________

Introduced by Sens. COMRIE, RANZENHOFER -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Corporations,
  Authorities and Commissions

AN  ACT  to amend the not-for-profit corporation law, in relation to the
  regulation of key persons

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

  Section  1.  Paragraph  (a)  and  subparagraph  4  of paragraph (b) of
section 715-b of the not-for-profit corporation law, as amended by chap-
ter 466 of the laws of 2016, are amended to read as follows:
  (a) Except as provided in paragraph (c) of this section, the board  of
every  corporation  that  has  twenty or more employees and in the prior
fiscal year had annual revenue in excess of one  million  dollars  shall
adopt,  and oversee the implementation of, and compliance with, a whist-
leblower policy to protect from retaliation persons who report suspected
improper conduct. Such policy shall provide that no  director,  officer,
KEY  PERSON,  employee  or  volunteer of a corporation who in good faith
reports any action or suspected action taken by  or  within  the  corpo-
ration that is illegal, fraudulent or in violation of any adopted policy
of the corporation shall suffer intimidation, harassment, discrimination
or  other  retaliation  or, in the case of employees, adverse employment
consequence.
  (4) A requirement that a copy of the  policy  be  distributed  to  all
directors,  officers,  KEY  PERSONS,  employees  and  to  volunteers who
provide substantial services to the corporation. For  purposes  of  this
subdivision,  posting  the policy on the corporation's website or at the
corporation's offices in a conspicuous location accessible to  employees
and  volunteers  are  among the methods a corporation may use to satisfy
the distribution requirement.
  § 2. Section 716 of the not-for-profit corporation law, as amended  by
chapter 549 of the laws of 2013, is amended to read as follows:

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.