Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to corporations, authorities and commissions |
May 13, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S5310
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
2015-S5310 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd ยง602, N-PC L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S5315
2017-2018: S6221
2015-S5310 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5310 TITLE OF BILL: An act to amend the not-for-profit corporation law, in relation to prohibiting certain employees of a not-for-profit corpo- ration from serving on the corporation's governing board or from hiring family members PURPOSE: This legislation requires not-profit-corporations to have in their by-laws policies regarding employees involvement on governing boards, the hiring of family members of both employees and governing board members, and the handling of issues arising from conflicts of business interests. It also provides oversight of these by-laws by the State Attorney General. SUMMARY OF PROVISIONS: Section 1. Amends Section 602 of the not-for-profit corporation law by adding four new paragraphs as follows: (g) requires by-laws of a not-for-profit corporation to contain a policy on: 1. employees serving on a governing body and the percentage of the membership of the governing body that must be independent of the organ-
2015-S5310 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5310 2015-2016 Regular Sessions I N S E N A T E May 13, 2015 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to prohibiting certain employees of a not-for-profit corporation from serving on the corporation's governing board or from hiring family members THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 602 of the not-for-profit corporation law is amended by adding five new paragraphs (g), (h), (i), (j) and (k) to read as follows: (G) THE BY-LAWS OF A NOT-FOR-PROFIT CORPORATION SHALL CONTAIN A PROVISION ON: (1) EMPLOYEES SERVING ON SUCH GOVERNING BODY AND THE PERCENTAGE OF THE MEMBERSHIP OF THE GOVERNING BODY THAT MUST BE INDEPENDENT OF THE ORGAN- IZATION; (2) HIRING OF FAMILY MEMBERS OF EMPLOYEES AND GOVERNING BODY MEMBERS; AND (3) CONFLICT OF INTEREST COVERING BUSINESS INTERESTS. (H) ALL BY-LAWS REQUIRED IN THIS SECTION SHALL BE AVAILABLE FOR REVIEW BY THE ATTORNEY GENERAL UPON REQUEST. (I) EMPLOYEES OF A NOT-FOR-PROFIT CORPORATION ARE PROHIBITED FROM SERVING AS THE CHAIR OF SUCH ORGANIZATION'S GOVERNING BODY AND FROM SERVING AS A VOTING MEMBER OF SUCH ORGANIZATION'S GOVERNING BODY. (J) NO PERSON WHO IS RELATED TO THE CHIEF EXECUTIVE OR ANY MEMBER OF A GOVERNING BODY BY BLOOD OR MARRIAGE SHALL BE EMPLOYED BY SUCH ORGANIZA- TION, EXCEPT WITH THE APPROVAL OF TWO-THIRDS OF THE MEMBERS OF THE GOVERNING BODY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11030-01-5 S. 5310 2
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