Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 05, 2021 |
print number 558a |
Feb 05, 2021 |
amend and recommit to banks |
Jan 06, 2021 |
referred to banks |
Senate Bill S558A
2021-2022 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Banks 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
Bill Amendments
2021-S558 - Details
- See Assembly Version of this Bill:
- A6063
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §11, Bank L; amd §171, Tax L; add §137-a, Exec L; amd §§3-2.1 & 7-1.17, EPT L; amd §4201, Pub Health L; add §304-a, RP L; amd §5-1514, Gen Ob L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S8317
2023-2024: S6967, A1896
2021-S558 - Sponsor Memo
BILL NUMBER: S558 SPONSOR: BENJAMIN TITLE OF BILL: An act to amend the banking law, the tax law, the executive law, the estates, powers and trusts law, the public health law, the real property law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures PURPOSE: To modernize various provisions in state law relating to remote meet- ings, remote notarization and other processes. Codifies Executive Orders of 2020: EO 202.5, EO 202.7, EO 202.8, EO 202.13, EO 202.14, EO 202.15, and EO 202.18. SUMMARY OF PROVISIONS: Section 1 amends section 11 of the banking law by adding a new subdivi- sion 5 allowing for fax or other electronic copies.
2021-S558 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 558 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sen. BENJAMIN -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, the tax law, the executive law, the estates, powers and trusts law, the public health law, the real prop- erty law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 11 of the banking law is amended by adding a new subdivision 5 to read as follows: 5. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, ANY INSTRU- MENT WHICH IS SIGNED AND DELIVERED TO THE SUPERINTENDENT PURSUANT TO ANY PROVISION OF THIS CHAPTER, AND IS REQUIRED TO BE VERIFIED OR ACKNOWL- EDGED PURSUANT TO THE PROVISIONS OF THIS CHAPTER, MAY BE VERIFIED OR ACKNOWLEDGED BY INCLUDING THE STANDARD VERIFICATION OR ACKNOWLEDGMENT LANGUAGE IN SUCH INSTRUMENT AND TRANSMITTING A LEGIBLE COPY OF THE SIGNED INSTRUMENT BY FAX OR ELECTRONIC MEANS. THE SUPERINTENDENT SHALL PROMULGATE ALL RULES AND REGULATIONS NECESSARY FOR THE IMPLEMENTATION OF THE PROVISIONS OF THIS SUBDIVISION. § 2. Section 171 of the tax law is amended by adding a new subdivision twenty-ninth to read as follows: TWENTY-NINTH. HAVE THE AUTHORITY TO ACCEPT ELECTRONIC SIGNATURES IN LIEU OF HANDWRITTEN SIGNATURES ON DOCUMENTS RELATED TO THE DETERMINATION OR COLLECTION OF TAX LIABILITY. THE COMMISSIONER MAY PROMULGATE RULES AND REGULATIONS REGARDING WHICH DOCUMENTS SHALL BE ACCEPTED WITH ELEC- TRONIC SIGNATURES AND THE REQUIREMENTS FOR SUCH ELECTRONIC SIGNATURES. § 3. The executive law is amended by adding a new section 137-a to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04966-02-1
2021-S558A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6063
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §11, Bank L; amd §171, Tax L; add §137-a, Exec L; amd §§3-2.1 & 7-1.17, EPT L; amd §4201, Pub Health L; add §304-a, RP L; amd §5-1514, Gen Ob L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S8317
2023-2024: S6967, A1896
2021-S558A (ACTIVE) - Sponsor Memo
BILL NUMBER: S558A SPONSOR: BENJAMIN TITLE OF BILL: An act to amend the banking law, the tax law, the executive law, the estates, powers and trusts law, the public health law, the real property law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures PURPOSE: To modernize various provisions in state law relating to remote meet- ings, remote notarization and other processes. Codifies Executive Orders of 2020: EO 202.5, EO 202.7, EO 202.8, EO 202.13, EO 202.14, EO 202.15, and EO 202.18. SUMMARY OF PROVISIONS: Section 1 amends section 11 of the banking law by adding a new subdivi- sion 5 allowing for fax or other electronic copies.
2021-S558A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 558--A 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sen. BENJAMIN -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law, the tax law, the executive law, the estates, powers and trusts law, the public health law, the real prop- erty law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 11 of the banking law is amended by adding a new subdivision 5 to read as follows: 5. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, ANY INSTRU- MENT WHICH IS SIGNED AND DELIVERED TO THE SUPERINTENDENT PURSUANT TO ANY PROVISION OF THIS CHAPTER, AND IS REQUIRED TO BE VERIFIED OR ACKNOWL- EDGED PURSUANT TO THE PROVISIONS OF THIS CHAPTER, MAY BE VERIFIED OR ACKNOWLEDGED BY INCLUDING THE STANDARD VERIFICATION OR ACKNOWLEDGMENT LANGUAGE IN SUCH INSTRUMENT AND TRANSMITTING A LEGIBLE COPY OF THE SIGNED INSTRUMENT BY FAX OR ELECTRONIC MEANS. THE SUPERINTENDENT SHALL PROMULGATE ALL RULES AND REGULATIONS NECESSARY FOR THE IMPLEMENTATION OF THE PROVISIONS OF THIS SUBDIVISION. § 2. Section 171 of the tax law is amended by adding a new subdivision twenty-ninth to read as follows: TWENTY-NINTH. HAVE THE AUTHORITY TO ACCEPT ELECTRONIC SIGNATURES IN LIEU OF HANDWRITTEN SIGNATURES ON DOCUMENTS RELATED TO THE DETERMINATION OR COLLECTION OF TAX LIABILITY. THE COMMISSIONER MAY PROMULGATE RULES AND REGULATIONS REGARDING WHICH DOCUMENTS SHALL BE ACCEPTED WITH ELEC- TRONIC SIGNATURES AND THE REQUIREMENTS FOR SUCH ELECTRONIC SIGNATURES. § 3. The executive law is amended by adding a new section 137-a to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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