Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to ways and means |
Apr 11, 2011 |
referred to ways and means |
Assembly Bill A7019
2011-2012 Legislative Session
Sponsored By
LENTOL
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
co-Sponsors
Michael DenDekker
2011-A7019 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4531
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Abandoned Property Law
- Laws Affected:
- Amd ยงยง103 & 501, Ab Prop L
2011-A7019 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 4531 A. 7019 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y April 11, 2011 ___________ IN SENATE -- Introduced by Sen. LITTLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Finance IN ASSEMBLY -- Introduced by M. of A. LENTOL -- read once and referred to the Committee on Ways and Means AN ACT to amend the abandoned property law, in relation to residuals payment plans established by labor unions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 103 of the abandoned property law is amended by adding a new subdivision (h) to read as follows: (H) "RESIDUALS" MEANS PAYMENTS, PURSUANT TO LAW OR A COLLECTIVE BARGAINING AGREEMENT, OF ADDITIONAL COMPENSATION FOR DOMESTIC AND FOREIGN USES OF RECORDED MATERIALS. S 2. Section 501 of the abandoned property law is amended by adding a new subdivision 6 to read as follows: 6. A RESIDUALS PAYMENT PLAN, AND THE ACCOUNTS AND MONIES THEREIN, ESTABLISHED BY A LABOR UNION WHICH RECEIVES FOR DISTRIBUTION RESIDUALS ON BEHALF OF EMPLOYEES WORKING UNDER COLLECTIVE-BARGAINING AGREEMENTS, SHALL NOT BE DEEMED ABANDONED PROPERTY IF THE PLAN ALLOWS A PARTICIPANT, ENTITLED TO A DISTRIBUTION UNDER THE PLAN, TO BE REIMBURSED UPON THE MAKING OF A VALID CLAIM TO THE LABOR UNION FOR PAYMENT. S 3. This act shall take effect on the sixtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10590-01-1
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