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Assembly Bill A1452

2021-2022 Legislative Session

Prohibits the New York Department of State from issuing a certificate of dissolution and filing a judgment or final order of dissolution for the pension fund for employees of the former St. Clare's Hospital

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Archive: Last Bill Status - In Assembly Committee

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2021-A1452 (ACTIVE) - Details

See Senate Version of this Bill:
S2041
Current Committee:
Assembly Governmental Operations
Law Section:
Executive Department
Versions Introduced in Other Legislative Sessions:
2019-2020: A7503, S5596
2023-2024: A169, S1183
2025-2026: A1114, S1564

2021-A1452 (ACTIVE) - Summary

Prohibits the New York Department of State from issuing a certificate of dissolution and filing a judgment or final order of dissolution for the pension fund for employees of the former St. Clare's Hospital in the city of Schenectady, county of Schenectady, until an investigation and/or audit by the New York State Department of Health, the New York State Attorney General or the New York State Comptroller has been conducted to ascertain whether there was any impropriety in the handling and management of funds in such pension plan.

2021-A1452 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1452
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced by M. of A. SANTABARBARA, WOERNER, WALSH, FAHY, STECK -- read
   once and referred to the Committee on Governmental Operations
 
 AN  ACT  prohibiting  the  New  York  Department of State from issuing a
   certificate of dissolution and filing a judgment  or  final  order  of
   dissolution  for  the  pension  fund  for  employees of the former St.
   Clare's Hospital in the city of Schenectady,  county  of  Schenectady,
   until  an  investigation and/or audit by the New York State Department
   of Health, the New York State Attorney General or the New  York  State
   Comptroller  has  been  conducted  to  ascertain whether there was any
   impropriety in the handling and management of funds  in  such  pension
   plan
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding the provisions of sections 1003 and 1109 of
 the not-for-profit corporation law or any other provisions of article 10
 or 11 of the not-for-profit corporation law, no petition for  a  certif-
 icate  of  dissolution  for the pension fund for employees of the former
 St. Clare's Hospital in the city of Schenectady, county of  Schenectady,
 shall  be  issued by the New York Department of State and no judgment or
 final order of dissolution by the Supreme Court shall be  filed  by  the
 New York Department of State unless and until a period of sixty days has
 elapsed following the conclusion of an investigation and/or audit by the
 New York State Department of Health, the New York State Attorney General
 or the New York State Comptroller has been conducted to ascertain wheth-
 er there was impropriety in the handling and management of funds in such
 pension plan.
   ยง 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04236-01-1

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