Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 22, 2021 |
approval memo.112 signed chap.749 |
Dec 10, 2021 |
delivered to governor |
Jun 07, 2021 |
returned to assembly passed senate 3rd reading cal.1092 substituted for s6412 |
Jun 02, 2021 |
referred to rules delivered to senate passed assembly |
Jun 01, 2021 |
ordered to third reading rules cal.232 rules report cal.232 reported |
May 24, 2021 |
reported referred to rules |
Apr 29, 2021 |
referred to housing |
Assembly Bill A7272
Signed By Governor2021-2022 Legislative Session
Sponsored By
ROSENTHAL L
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
co-Sponsors
Stacey Pheffer Amato
Diana Richardson
Carmen De La Rosa
Maritza Davila
2021-A7272 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6412
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Add §§13-c & 35-a, amd §17, Priv Hous Fin L
2021-A7272 (ACTIVE) - Summary
Relates to voting, election and referendum procedures; requirements regarding mutual housing companies considering dissolution and/or reconstitution; duties of a board of directors of a limited-profit housing company; prohibits certain limited-profit housing companies from voluntarily dissolving during the state disaster emergency declared in response to the outbreak of COVID-19.
2021-A7272 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7272 2021-2022 Regular Sessions I N A S S E M B L Y April 29, 2021 ___________ Introduced by M. of A. L. ROSENTHAL -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to voting, election and referendum procedures; to requirements regarding mutual housing companies considering dissolution and/or reconstitution; to certain duties of a board of directors of a limited-profit housing company; and to prohibiting certain limited-profit housing companies from voluntarily dissolving during the state disaster emergency declared in response to the outbreak of COVID-19 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The private housing finance law is amended by adding a new section 13-c to read as follows: § 13-C. VOTING, ELECTION AND REFERENDUM PROCEDURES. 1. ANY SHAREHOLDER VOTE SHALL BE CONDUCTED USING SECRET BALLOTS. SUCH BALLOTS SHALL BE CAST IN-PERSON BY TENANTS ENTITLED TO OCCUPANCY IN THE PROJECT; UNLESS SUCH TENANT CASTS SUCH BALLOT USING AN ABSENTEE BALLOT ISSUED PURSUANT TO SUBDIVISION TWO OF THIS SECTION. 2. A SHAREHOLDER ENTITLED TO OCCUPANCY IN THE PROJECT SHALL BE ENTI- TLED TO REQUEST AN ABSENTEE BALLOT TO CAST A BALLOT IN ANY SHAREHOLDER VOTE. SUCH ABSENTEE BALLOT SHALL BE DELIVERED OR MAILED ONLY TO THE PRIMARY RESIDENCE ADDRESS OF A SHAREHOLDER ENTITLED TO OCCUPANCY IN THE PROJECT. AN ABSENTEE BALLOT CAST PURSUANT TO THIS SUBDIVISION SHALL BE SEALED WITHIN TWO ENVELOPES, SHALL CONTAIN THE SIGNATURE OF THE SHARE- HOLDER CASTING THE VOTE, AND SHALL BE MAILED TO A NEUTRAL THIRD PARTY NOT RUNNING FOR A POSITION ON THE BOARD OF DIRECTORS. 3. PROXY VOTING SHALL NOT BE PERMITTED IN AN ELECTION FOR A POSITION ON A BOARD OF DIRECTORS, FOR DISSOLUTION OF THE COMPANY, FOR THE AUTHOR- IZATION OF A FEASIBILITY STUDY, FOR AN OFFERING PLAN INCLUDING A RED HERRING OR BLACK BOOK, OR ANY DOCUMENT OFFERED IN PLACE OF AN OFFERING PLAN AS PERMITTED BY THE ATTORNEY GENERAL. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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