senate Bill S4956

Signed By Governor
2019-2020 Legislative Session

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

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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 (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 25, 2019 signed chap.558
Nov 19, 2019 delivered to governor
Jun 13, 2019 returned to senate
passed assembly
ordered to third reading cal.163
substituted for a456a
Jun 11, 2019 referred to housing
delivered to assembly
passed senate
Jun 03, 2019 amended on third reading (t) 4956a
Jun 03, 2019 ordered to third reading cal.1144
committee discharged and committed to rules
Apr 02, 2019 referred to corporations, authorities and commissions

S4956 - Details

See Assembly Version of this Bill:
A456
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:
2015-2016: A6870
2017-2018: A3830

S4956 - Summary

Requires the board of directors of certain cooperative corporations and not-for-profit corporations to provide tenants 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.

S4956 - Sponsor Memo

S4956 - Bill Text download pdf


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

                                  4956

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              April 2, 2019
                               ___________

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

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 tenants with changes to the by-laws in writing  within  ten
  days  of  adoption;  in relation to notification 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:
  § 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, BY PHYSICAL  OR  ELECTRONIC  MEANS,
WITHIN TEN DAYS OF SUCH ADOPTION.
  §  2.    The  cooperative  corporations law is amended by adding a new
section 78 to read as follows:
  § 78. NOTIFICATION TO  RESIDENTS.  UPON  THE  ADOPTION,  AMENDMENT  OR
REPEAL  OF BY-LAWS BY THE BOARD OF DIRECTORS PURSUANT TO SUBDIVISION TWO
OF SECTION SIXTEEN OF THIS CHAPTER,  WHERE  SUCH  CHANGE  WOULD  HAVE  A

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

S4956A (ACTIVE) - Details

See Assembly Version of this Bill:
A456
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:
2015-2016: A6870
2017-2018: A3830

S4956A (ACTIVE) - Summary

Requires the board of directors of certain cooperative corporations and not-for-profit corporations to provide tenants 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.

S4956A (ACTIVE) - Sponsor Memo

S4956A (ACTIVE) - Bill Text download pdf


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

                                 4956--A
    Cal. No. 1144

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              April 2, 2019
                               ___________

Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions -- committee discharged and said bill committed to the
  Committee  on Rules -- ordered to a third reading, amended and ordered
  reprinted, retaining its place in the order of third reading

AN ACT to amend the business  corporation  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  tenants with changes to the by-laws in writing within ten
  days of adoption; in relation to notification 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 708 of the business corporation law is  amended  by
adding two new subdivisions (e) and (f) to read as follows:
  (E) IN THE CASE OF CORPORATIONS OWNING OR LEASING RESIDENTIAL PREMISES
AND  OPERATING  THE  SAME  ON A COOPERATIVE BASIS, CHANGES INCLUDING THE
ADOPTION, AMENDMENT OR REPEAL OF THE BY-LAWS BY THE BOARD  OF  DIRECTORS
SHALL  BE  PROVIDED  TO THE MEMBERS, STOCKHOLDERS, AND DELEGATES OF SUCH
CORPORATION IN WRITING, BY PHYSICAL OR ELECTRONIC MEANS, WITHIN TEN DAYS
OF SUCH ADOPTION.
  (F) UPON THE ADOPTION, AMENDMENT OR REPEAL OF BY-LAWS BY THE BOARD  OF
DIRECTORS  OF  A  CORPORATION OWNING OR LEASING RESIDENTIAL PREMISES AND
OPERATING THE SAME ON A COOPERATIVE BASIS PURSUANT TO SUBDIVISION (E) OF
THIS SECTION, WHERE SUCH CHANGE WOULD HAVE A DIRECT EFFECT ON THE  RESI-
DENT'S  OCCUPANCY  OR  THE RULES OF THE BUILDING, THE BOARD OF DIRECTORS
SHALL POST THE ADOPTED, AMENDED, OR REPEALED  BY-LAWS  CONSPICUOUSLY  TO
ENSURE TENANTS WILL BE AWARE OF SUCH ADOPTION.
  §  2.  Section 602 of the not-for-profit corporation law is amended by
adding a new paragraph (g) to read as follows:

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

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