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NY A01064
Bill
Status
Introduced
1/13/2023
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
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Adds new section 352-m to New York General Business Law requiring cooperative apartment boards to notify applicants in writing when denying a request to purchase shares.
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Board must provide written notification of the specific reason or reasons for denial within 30 days of the decision.
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Applies to all requests to purchase shares allotted to a particular dwelling unit in a cooperative corporation.
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Takes effect immediately upon enactment.
Legislative Description
Requires the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.
Last Action
referred to housing
1/3/2024
Committee Referrals
Housing1/13/2023
Full Bill Text
No bill text available