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NY S07191

Bill

Status

Passed

10/21/2014

Primary Sponsor

Michael Nozzolio

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends the deed of trust for The Clifton Springs Sanitarium Company to allow the board of trustees to consist of not less than fifteen nor more than twenty-seven persons (previously twenty-five maximum).

  • Permits the board of trustees to increase or decrease the number of trustees within the specified range by majority vote through a resolution adopted prior to the annual meeting.

  • Authorizes the board to amend the Certificate of Incorporation to establish a single corporate member (a New York not-for-profit corporation) and delegate decision-making authority to that member as permitted under the Not-for-Profit Corporation Law.

  • Establishes that trustees shall be classified into three classes with staggered three-year terms, ensuring one class's term expires each year.

  • Takes effect immediately upon enactment.

Legislative Description

Relates to the membership of the Clifton Springs Sanitarium Company.

Last Action

SIGNED CHAP.419

10/21/2014

Committee Referrals

Corporations, Authorities and Commissions6/11/2014
Rules6/10/2014
Local Government5/2/2014

Full Bill Text

No bill text available