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NY A09628
Bill
Status
Introduced
5/13/2014
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Amends the deed of trust for The Clifton Springs Sanitarium Company to change the board of trustees from a fixed number to a range of not less than fifteen nor more than twenty-seven persons
- Allows the board of trustees to increase or decrease the number of trustees within the specified range by majority vote resolution adopted prior to the annual meeting
- Establishes a three-class trustee system where trustees are divided into three equal classes with staggered three-year terms, with one class expiring each year
- Permits the board to amend the Certificate of Incorporation to establish a single corporate member (a New York not-for-profit corporation) and delegate specified decision-making authority to that member regarding health care operations
- Takes effect immediately upon enactment
Legislative Description
Relates to the membership of the Clifton Springs Sanitarium Company.
Last Action
substituted by s7191
6/17/2014
Committee Referrals
Rules6/3/2014
Corporations, Authorities and Commissions5/13/2014
Full Bill Text
No bill text available