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NY A10685

Bill

Official Source

Status

Passed

7/31/2018

Primary Sponsor

Richard Gottfried

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Amends Public Authorities Law Section 2562 to change quorum requirements for the New York Convention Center Operating Corporation board of directors
  • Replaces "whole number of the members" language with "appointed voting membership" to determine quorum and voting thresholds
  • Eliminates the definition that construed "whole number" to include vacant board positions and disqualified members
  • Maintains requirement that a majority of the board constitutes a quorum and that majority vote is needed to exercise corporate powers
  • Takes effect immediately upon enactment

Legislative Description

Relates to the determination of a quorum for the transaction of business of the New York convention center operating corporation.

Last Action

signed chap.171

7/31/2018

Committee Referrals

Rules6/7/2018
Corporations, Authorities and Commissions5/10/2018

Full Bill Text

No bill text available