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 |
Senate Bill S4956
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2019-S4956 - Details
2019-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.
2019-S4956 - Sponsor Memo
BILL NUMBER: S4956 SPONSOR: BENJAMIN TITLE OF BILL: 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 PURPOSE: This bill ensures that residents are provided with timely written notification of changes to governing by-laws by their buildings' boards of directors. SUMMARY OF SPECIFIC PROVISIONS: Section one amends section 16 of the cooperative corporations law. Section two amends section 602 of the not-for-profit corporation law by
2019-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.
2019-S4956A (ACTIVE) - Details
2019-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.
2019-S4956A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4956A SPONSOR: BENJAMIN PURPOSE: This bill ensures that residents are provided with timely written notification of changes to governing by-laws by their buildings' boards of directors. SUMMARY OF PROVISIONS: Amends § 708 of the business corporation law to require cooperatives to notify members of changes in their by-laws. Amends § 602 and § 624 of the not-for-profit corporation law to require cooperatives to notify members of changes in their by-laws. EXISTING LAW: n/a
2019-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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