Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 22, 2020 |
enacting clause stricken |
Jan 08, 2020 |
referred to corporations, authorities and commissions |
Jan 09, 2019 |
referred to corporations, authorities and commissions |
Assembly Bill A614
2019-2020 Legislative Session
Sponsored By
PAULIN
Archive: Last Bill Status - Stricken
- 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
Rebecca Seawright
Kenneth Blankenbush
Marcos Crespo
Clifford Crouch
2019-A614 (ACTIVE) - Details
- See Senate Version of this Bill:
- S1895
- Law Section:
- Religious Corporations Law
- Laws Affected:
- Amd §12, Rel Corp L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A5067
2011-2012: A5752
2013-2014: A5592
2015-2016: A1237, S8001
2017-2018: A3765, A9983, S2935
2021-2022: S2567
2023-2024: S229
2019-A614 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 614 2019-2020 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2019 ___________ Introduced by M. of A. PAULIN, SEAWRIGHT, BLANKENBUSH, CRESPO, CROUCH, COOK -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the religious corporations law, in relation to the sale, mortgage and lease of real property of a religious corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 9 of section 12 of the religious corpo- rations law, subdivision 1 as amended by chapter 555 of the laws of 2015 and subdivision 9 as amended by chapter 962 of the laws of 1969, are amended to read as follows: 1. (A) A religious corporation shall not sell, mortgage or lease for a term exceeding five years any of its real property without applying for and obtaining leave of the court or the attorney general therefor pursu- ant to section five hundred eleven of the not-for-profit corporation law as that section is modified by paragraph (d-1) of subdivision one of section two-b of this chapter or section five hundred eleven-a of the not-for-profit corporation law, except that a religious corporation may execute a purchase money mortgage or a purchase money security agreement creating a security interest in personal property purchased by it with- out obtaining leave of the court therefor. (B) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVI- SION, ANY SOLVENT RELIGIOUS CORPORATION MAY SELL ANY OF ITS REAL PROPER- TY WITHOUT A COURT ORDER IN THE FOLLOWING CIRCUMSTANCES: (I) THE RELIGIOUS CORPORATION SHALL HAVE AND MAINTAIN IN ITS RECORDS AN APPRAISAL REPORT PREPARED BY A PROFESSIONAL APPRAISER AND DATED OR UPDATED WITHIN NINETY DAYS OF THE SALE SHOWING THE FAIR MARKET VALUE TO BE LESS THAN TWO HUNDRED THOUSAND DOLLARS; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00808-01-9
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