Senate Bill S5720

2019-2020 Legislative Session

Relates to the correction of tax errors made by the nonprofit revitalization act

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules 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

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2019-S5720 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §906, N-PC L; amd §12, Rel Corp L
Versions Introduced in Other Legislative Sessions:
2021-2022: S3664
2023-2024: S1711

2019-S5720 (ACTIVE) - Summary

Relates to the correction of tax errors made by the nonprofit revitalization act.

2019-S5720 (ACTIVE) - Sponsor Memo

2019-S5720 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5720
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 13, 2019
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT  to  amend  the not-for-profit corporation law and the religious
   corporations law, in relation to the correction of tax errors made  by
   the nonprofit revitalization act

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Clause (D) of subparagraph 2 of paragraph  (d)  of  section
 906 of the not-for-profit corporation law, as amended by chapter 1058 of
 the laws of 1971, is amended to read as follows:
   (D)  An  agreement  that  the surviving or consolidated foreign corpo-
 ration may be served with process in this state in any action or special
 proceeding for the enforcement of any liability  or  obligation  of  any
 domestic  corporation or of any foreign corporation, previously amenable
 to suit in this state, which is a constituent corporation in such merger
 or consolidation, and an agreement that the  surviving  or  consolidated
 foreign corporation may be sued in this state in respect of any property
 transferred  or  conveyed  to  it  as provided in paragraph [(c)] (B) of
 section 907 (Approval by the supreme court), or the  use  made  of  such
 property, or any transaction in connection therewith.
   § 2. Subdivision 1 of section 12 of the religious corporations law, as
 amended  by  chapter  555  of  the  laws  of 2015, is amended to read as
 follows:
   1. 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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