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NY A03452
Bill
Status
Introduced
1/27/2009
Primary Sponsor
Michael Benjamin
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AI Summary
- Amends Banking Law Section 451 to include domestic partners in the definition of "immediate family" eligible for credit union membership
- Defines "domestic partner" to include persons in a formal domestic partnership or similar relationship recognized by any U.S. or foreign jurisdiction
- Expands eligibility to persons formally recognized as beneficiaries under employment benefits or health insurance of the other person
- Allows persons mutually dependent on each other for support to qualify as domestic partners, based on factors including joint property ownership, shared housing, shared income or expenses, and length of relationship
- Takes effect immediately upon enactment
Legislative Description
An act to amend the banking law, in relation to allowing credit unions to offer membership to the domestic partners of persons otherwise eligible for membership in such credit union
Last Action
referred to banks
1/6/2010
Committee Referrals
Banks1/27/2009
Full Bill Text
No bill text available