Assembly Actions -
Senate Actions - UPPERCASE
|Apr 25, 2023||
referred to judiciary
Senate Bill S6522
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Judiciary Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S6522 (ACTIVE) - Details
2023-S6522 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6522 SPONSOR: ASHBY TITLE OF BILL: An act to amend the real property law, in relation to prohibiting the acquisition of real property by foreign countries and entities of particular concern PURPOSE OR GENERAL IDEA OF BILL: To protect New York State and the United State of America's interests from foreign governments, entities, and noncitizen individuals SUMMARY OF PROVISIONS: Prohibits foreign governments, entities, and noncitizen individuals that are of particular concern, as identified by the United States Department of State, from acquiring real property within the State of New York JUSTIFICATION:
2023-S6522 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6522 2023-2024 Regular Sessions I N S E N A T E April 25, 2023 ___________ Introduced by Sen. ASHBY -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to prohibiting the acquisition of real property by foreign countries and entities of particular concern THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 10 of the real property law, as amended by chapter 272 of the laws of 1944, subdivision 2 as amended by chapter 669 of the laws of 2022, and subdivision 3 as added by chapter 740 of the laws of 1954, is amended to read as follows: § 10. Capacity to hold real property. 1. A citizen of the United States is capable of holding real property within this state, and of taking the same by descent, devise or purchase. 2. Noncitizens, OTHER THAN THOSE PROHIBITED UNDER SUBDIVISION FOUR OF THIS SECTION, are empowered to take, hold, transmit, and dispose of real property within this state in the same manner as native-born citizens and their heirs and devisees take in the same manner as citizens. 3. For the purpose of maintaining offices and places of residence for its ambassadors and consular officers and for its representatives at the United Nations, a foreign government, OTHER THAN THOSE PROHIBITED UNDER SUBDIVISION FOUR OF THIS SECTION, is empowered to hold, transmit and dispose of real property within this state. Title to such property may be taken either in the name of the foreign government or in the name of its ambassador or consul or in the name of its minister to the United Nations. If a conveyance of real property is made to an ambassador or consul or minister of a foreign government as such, or contains appro- priate words showing the intention to vest the title in the holder of the office rather than in the named individual, the title to the real property shall pass from time to time without any further conveyance to EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08872-01-3 S. 6522 2
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