S T A T E O F N E W Y O R K
________________________________________________________________________
3664
2021-2022 Regular Sessions
I N S E N A T E
January 30, 2021
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the not-for-profit corporation law and the religious
corporations law, in relation to the correction of tax errors made by
the nonprofit revitalization act
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Clause (D) of subparagraph 2 of paragraph (d) of section
906 of the not-for-profit corporation law, as amended by chapter 1058 of
the laws of 1971, is amended to read as follows:
(D) An agreement that the surviving or consolidated foreign corpo-
ration may be served with process in this state in any action or special
proceeding for the enforcement of any liability or obligation of any
domestic corporation or of any foreign corporation, previously amenable
to suit in this state, which is a constituent corporation in such merger
or consolidation, and an agreement that the surviving or consolidated
foreign corporation may be sued in this state in respect of any property
transferred or conveyed to it as provided in paragraph [(c)] (B) of
section 907 (Approval by the supreme court), or the use made of such
property, or any transaction in connection therewith.
§ 2. Subdivision 1 of section 12 of the religious corporations law, as
amended by chapter 555 of the laws of 2015, is amended to read as
follows:
1. A religious corporation shall not sell, mortgage or lease for a
term exceeding five years any of its real property without applying for
and obtaining leave of the court or the attorney general therefor pursu-
ant to section five hundred eleven of the not-for-profit corporation law
as that section is modified by paragraph (d-1) of subdivision one of
section two-b of this chapter [or section five hundred eleven-a of the
not-for-profit corporation law], except that a religious corporation may
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08433-01-1
S. 3664 2
execute a purchase money mortgage or a purchase money security agreement
creating a security interest in personal property purchased by it with-
out obtaining leave of the court therefor.
§ 3. This act shall take effect immediately.