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NY S07279
Bill
Status
4/18/2018
Primary Sponsor
Martin Golden
Click for details
AI Summary
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Amends the not-for-profit corporation law and business corporation law to clarify that condominiums created under the real property law must submit annual reports on conflicts of interest
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Clarifies that cooperative housing corporations created under the business corporation law must also submit annual reports on conflicts of interest
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Removes language limiting requirements to corporations "incorporated pursuant to this chapter" and specifies the applicable state laws governing each housing type
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Takes effect on the same date as the 2017 legislation (bills S.6652-A and A.8261-A) addressing conflicts of interest for condominium and cooperative housing corporations
Legislative Description
Clarifies the types of condominiums and cooperative housing corporations that shall submit annual reports for certain transactions.
Last Action
SIGNED CHAP.9
4/18/2018