Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 30, 2010 |
reported referred to rules |
Jun 29, 2010 |
reported referred to codes |
Jun 25, 2010 |
print number 11498b |
Jun 25, 2010 |
amend (t) and recommit to corporations, authorities and commissions |
Jun 23, 2010 |
print number 11498a |
Jun 23, 2010 |
amend (t) and recommit to corporations, authorities and commissions |
Jun 17, 2010 |
referred to corporations, authorities and commissions |
Assembly Bill A11498
2009-2010 Legislative Session
Sponsored By
BRODSKY
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
Brian Kavanagh
Linda Rosenthal
Sandy Galef
Jane Corwin
2009-A11498 - Details
- Current Committee:
- Assembly Rules
- Law Section:
- Business Corporation Law
- Laws Affected:
- Add Art 17 §§1701 - 1712, BC L
- Versions Introduced in 2011-2012 Legislative Session:
-
A4692
2009-A11498 - Summary
Authorizes the incorporation of benefit corporations and provides for the public benefit to be created by benefit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors and officers of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation.
2009-A11498 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 11498 I N A S S E M B L Y June 17, 2010 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Brodsky, Kavanagh) -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the business corporation law, in relation to authorizing the incorporation of benefit corporations, providing for the public benefit to be created by benefit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors and officers of a benefit corporation, for a right of action to enforce the duties of directors and officers of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The business corporation law is amended by adding a new article 17 to read as follows: ARTICLE 17 BENEFIT CORPORATIONS SECTION 1701. APPLICATION AND EFFECT OF ARTICLE. 1702. DEFINITIONS. 1703. FORMATION OF BENEFIT CORPORATIONS. 1704. ELECTION OF AN EXISTING BUSINESS CORPORATION TO BECOME A BENEFIT CORPORATION. 1705. TERMINATION OF BENEFIT CORPORATION STATUS. 1706. CORPORATE PURPOSES. 1707. STANDARD OF CONDUCT FOR DIRECTORS. 1708. BENEFIT DIRECTOR. 1709. STANDARD OF CONDUCT FOR OFFICERS. 1710. BENEFIT OFFICER. 1711. RIGHT OF ACTION. 1712. ANNUAL BENEFIT REPORT. S 1701. APPLICATION AND EFFECT OF ARTICLE. (A) THIS ARTICLE SHALL BE APPLICABLE TO ALL BENEFIT CORPORATIONS. (B) THE EXISTENCE OF A PROVISION OF THIS ARTICLE SHALL NOT OF ITSELF CREATE ANY IMPLICATION THAT A CONTRARY OR DIFFERENT RULE OF LAW IS OR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Brian Kavanagh
Linda Rosenthal
Sandy Galef
Jane Corwin
2009-A11498A - Details
- Current Committee:
- Assembly Rules
- Law Section:
- Business Corporation Law
- Laws Affected:
- Add Art 17 §§1701 - 1712, BC L
- Versions Introduced in 2011-2012 Legislative Session:
-
A4692
2009-A11498A - Summary
Authorizes the incorporation of benefit corporations and provides for the public benefit to be created by benefit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors and officers of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation.
2009-A11498A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 11498--A I N A S S E M B L Y June 17, 2010 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Brodsky, Kavanagh, Rosenthal, Galef, Corwin, Gianaris) -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general construction law and the business corpo- ration law, in relation to authorizing the incorporation of benefit corporations, providing for the public benefit to be created by bene- fit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors of a benefit corporation, for a right of action to enforce the duties of directors and public benefit purposes of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 3 and 4 of subdivision d of section 65 of the general construction law, as added by chapter 451 of the laws of 1973 are amended and a new paragraph 5 is added to read as follows: 3. A railroad corporation, [or] 4. A transportation corporation[.], OR 5. A BENEFIT CORPORATION. S 2. Section 66 of the general construction law is amended by adding a new subdivision 4-a to read as follows: 4-A. A "BENEFIT CORPORATION" MEANS A BUSINESS CORPORATION THAT HAS ELECTED TO BECOME SUBJECT TO ARTICLE SEVENTEEN OF THE BUSINESS CORPO- RATION LAW AND WHOSE STATUS AS A FOR PROFIT BENEFIT CORPORATION HAS NOT BEEN TERMINATED AS PROVIDED IN ARTICLE SEVENTEEN OF THE BUSINESS CORPO- RATION LAW. S 3. The business corporation law is amended by adding a new article 17 to read as follows: ARTICLE 17 BENEFIT CORPORATIONS SECTION 1701. APPLICATION AND EFFECT OF ARTICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Brian Kavanagh
Linda Rosenthal
Sandy Galef
Jane Corwin
2009-A11498B (ACTIVE) - Details
- Current Committee:
- Assembly Rules
- Law Section:
- Business Corporation Law
- Laws Affected:
- Add Art 17 §§1701 - 1712, BC L
- Versions Introduced in 2011-2012 Legislative Session:
-
A4692
2009-A11498B (ACTIVE) - Summary
Authorizes the incorporation of benefit corporations and provides for the public benefit to be created by benefit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors and officers of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation.
2009-A11498B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 11498--B I N A S S E M B L Y June 17, 2010 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Brodsky, Kavanagh, Rosenthal, Galef, Corwin, Gianaris) -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said commit- tee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general construction law and the business corpo- ration law, in relation to authorizing the incorporation of benefit corporations, providing for the public benefit to be created by bene- fit corporations, for the election and termination of the status of a benefit corporation, for the standards of conduct for directors of a benefit corporation, and for the preparation and distribution of an annual benefit report by a benefit corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 3 and 4 of subdivision d of section 65 of the general construction law, as added by chapter 451 of the laws of 1973 are amended and a new paragraph 5 is added to read as follows: 3. A railroad corporation, [or] 4. A transportation corporation[.], OR 5. A BENEFIT CORPORATION. S 2. Section 66 of the general construction law is amended by adding a new subdivision 4-a to read as follows: 4-A. A "BENEFIT CORPORATION" MEANS A BUSINESS CORPORATION THAT HAS ELECTED TO BECOME SUBJECT TO ARTICLE SEVENTEEN OF THE BUSINESS CORPO- RATION LAW AND WHOSE STATUS AS A BENEFIT CORPORATION HAS NOT BEEN TERMI- NATED AS PROVIDED IN ARTICLE SEVENTEEN OF THE BUSINESS CORPORATION LAW. S 3. The business corporation law is amended by adding a new article 17 to read as follows: ARTICLE 17 BENEFIT CORPORATIONS SECTION 1701. APPLICATION AND EFFECT OF ARTICLE. 1702. DEFINITIONS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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