Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 29, 2012 |
referred to judiciary delivered to senate passed assembly |
Feb 16, 2012 |
advanced to third reading cal.356 |
Feb 14, 2012 |
reported |
Jan 04, 2012 |
referred to judiciary |
Apr 28, 2011 |
advanced to third reading cal.219 |
Apr 12, 2011 |
reported |
Mar 09, 2011 |
referred to judiciary |
Assembly Bill A6211
2011-2012 Legislative Session
Sponsored By
MAGEE
Archive: Last Bill Status - In Senate Committee Judiciary 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
co-Sponsors
Peter Lopez
Peter Rivera
Barbara Lifton
Donna Lupardo
multi-Sponsors
Thomas Abinanti
Teresa Sayward
2011-A6211 (ACTIVE) - Details
- See Senate Version of this Bill:
- S750
- Current Committee:
- Senate Judiciary
- Law Section:
- General Obligations Law
- Laws Affected:
- Amd ยง5-333, Gen Ob L
- Versions Introduced in 2009-2010 Legislative Session:
-
A2370, S4683
2011-A6211 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6211 2011-2012 Regular Sessions I N A S S E M B L Y March 9, 2011 ___________ Introduced by M. of A. MAGEE, P. LOPEZ -- read once and referred to the Committee on Judiciary AN ACT to amend the general obligations law, in relation to extending from 3 days to 5 days the period to cancel a lease of oil and gas rights THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 5-333 of the general obligations law, as added by chapter 386 of the laws of 2005, is amended to read as follows: 5. On or after January first, two thousand six, any oil or gas lease shall contain the following statement printed in at least ten point bold type: THIS IS A LEASE OF OIL AND GAS RIGHTS, NOT A SALE, CONTAINING TERMS THAT MAY BE NEGOTIATED BY YOU. YOU HAVE THE RIGHT TO CANCEL THIS LEASE WITHIN [THREE] FIVE BUSINESS DAYS AFTER EXECUTION OF THE LEASE BY NOTI- FYING THE LESSEE THAT YOU HAVE CANCELED THIS CONTRACT. IN ORDER TO CANCEL THIS LEASE, YOU MUST EXECUTE A NOTICE OF CANCELLATION IN THE FORM PROVIDED BELOW, MAIL IT TO THE LESSEE AND REFUND ALL AMOUNTS PAID TO YOU BY THE LESSEE WITHIN THE [THREE-DAY] FIVE-DAY CANCELLATION PERIOD. THE MAILING MUST BE POSTMARKED WITHIN THE [THREE-DAY] FIVE-DAY CANCELLATION PERIOD TO BE EFFECTIVE. NOTICE OF CANCELLATION I/WE HEREBY CANCEL THIS LEASE. DATED: SIGNATURE(S): THE PERSON PRESENTING THIS LEASE TO YOU IS [ ] NOT [ ] A MEMBER OF (name of organization) AND THEREFORE IS [ ] IS NOT [ ] SUBJECT TO A CODE OF CONDUCT. IF THE PERSON PRESENTING THIS LEASE TO YOU IS SUBJECT TO A CODE OF CONDUCT, A COPY OF THE CODE OF CONDUCT MUST BE PRESENTED TO YOU WITH THIS LEASE. IF APPLICABLE, THE CODE OF CONDUCT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02631-01-1
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