|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 30, 2021||referred to corporations, authorities and commissions|
senate Bill S3664
Current Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3664 (ACTIVE) - Details
S3664 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3664 SPONSOR: COMRIE TITLE OF BILL: 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 SUMMARY OF MAJOR PROVISIONS: SECTION ONE WOULD CORRECT AN OBVIOUS ERROR IN NOT-FOR-PROFIT CORPORATION LAW SECTION 906(A) (1)(D) TO CHANGE THE CROSS REFERENCE FROM PARAGRAPH (C) OF SECTION 607 TO PARAGRAPH (B). THERE IS NO PARAGRAPH (C). SECTION TWO WOULD AMEND RELIGIOUS CORPORATIONS LAW SECTION 12.1 TO DELETE A REFERENCE TO SECTION 511-A OF THE NOT-FOR-PROFIT CORPORATION 1 LAW. SECTION 12.1 WAS AMENDED TO ADD THE PHRASE PROPOSED TO BE DELETED BY SECTION 17 CHAPTER 555 OF THE 2015 LAWS. SECTION THREE PROVIDES THE EFFECTIVE DATE.
S3664 (ACTIVE) - Bill Text download pdf
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.
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