Assembly Bill A5693A

2023-2024 Legislative Session

Relates to rent registration statements filed by a limited liability company

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Sponsored By

Current Bill Status - On Floor Calendar

  • 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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Bill Amendments

co-Sponsors

2023-A5693 - Details

See Senate Version of this Bill:
S6691
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §12-a, Emerg Ten Prot Act of 1974; amd §26-517, NYC Ad Cd

2023-A5693 - Summary

Requires that any limited liability company who files a rent registration statement shall include a list of all members of such limited liability company and each member's ownership interest.

2023-A5693 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5693
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 22, 2023
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the emergency tenant protection act of  nineteen  seven-
   ty-four  and  the  administrative  code  of  the  city of New York, in
   relation to rent registration statements filed by a limited  liability
   company

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 12-a of section 4 of chapter 576  of  the  laws  of
 1974,  constituting  the  emergency  tenant  protection  act of nineteen
 seventy-four, is amended by adding a new  subdivision  b-1  to  read  as
 follows:
   B-1.  NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER OF
 A HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS  REGISTER-
 ING  SUCH  HOUSING  ACCOMMODATION PURSUANT TO THIS SECTION, SUCH LIMITED
 LIABILITY COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO  THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL DIRECT AND
 INDIRECT  OWNERS  OF  THE MEMBERSHIP INTERESTS OF SUCH LIMITED LIABILITY
 COMPANY AND THE PROPORTION OF EACH DIRECT OR INDIRECT MEMBER'S OWNERSHIP
 INTEREST IN SUCH LIMITED LIABILITY COMPANY. THE REQUIREMENT SET FORTH BY
 THIS SECTION SHALL BE IN ADDITION  TO  THE  DATA  REQUIRED  PURSUANT  TO
 SUBDIVISION A OF THIS SECTION.
   § 2. Section 26-517 of the administrative code of the city of New York
 is amended by adding a new subdivision b-1 to read as follows:
   B-1.  NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER OF
 A HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS  REGISTER-
 ING  SUCH  HOUSING  ACCOMMODATION PURSUANT TO THIS SECTION, SUCH LIMITED
 LIABILITY COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO  THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL DIRECT AND
 INDIRECT  OWNERS  OF  THE MEMBERSHIP INTERESTS OF SUCH LIMITED LIABILITY
 COMPANY AND THE PROPORTION OF EACH DIRECT OR INDIRECT MEMBER'S OWNERSHIP
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09857-02-3

co-Sponsors

2023-A5693A (ACTIVE) - Details

See Senate Version of this Bill:
S6691
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §12-a, Emerg Ten Prot Act of 1974; amd §26-517, NYC Ad Cd

2023-A5693A (ACTIVE) - Summary

Requires that any limited liability company who files a rent registration statement shall include a list of all members of such limited liability company and each member's ownership interest.

2023-A5693A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5693--A
                                                         Cal. No. 117
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 22, 2023
                                ___________
 
 Introduced  by  M. of A. L. ROSENTHAL, BURDICK, EPSTEIN -- read once and
   referred to the Committee  on  Housing  --  reported  from  committee,
   advanced  to a third reading, amended and ordered reprinted, retaining
   its place on the order of third reading

 AN ACT to amend the emergency tenant protection act of  nineteen  seven-
   ty-four  and  the  administrative  code  of  the  city of New York, in
   relation to rent registration statements filed by a limited  liability
   company
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 12-a of section 4 of chapter 576  of  the  laws  of
 1974,  constituting  the  emergency  tenant  protection  act of nineteen
 seventy-four, is amended by adding a new  subdivision  b-1  to  read  as
 follows:
   B-1.  NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER OF
 A HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS  REGISTER-
 ING  SUCH  HOUSING  ACCOMMODATION PURSUANT TO THIS SECTION, SUCH LIMITED
 LIABILITY COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO  THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL BENEFICIAL
 OWNERS  OF  SUCH  LIMITED  LIABILITY  COMPANY AND THE PROPORTION OF EACH
 OWNER'S INTEREST IN SUCH LIMITED LIABILITY COMPANY. THE REQUIREMENT  SET
 FORTH BY THIS SECTION SHALL BE IN ADDITION TO THE DATA REQUIRED PURSUANT
 TO SUBDIVISION A OF THIS SECTION.  FOR THE PURPOSES OF THIS SUBDIVISION,
 "BENEFICIAL OWNER" SHALL MEAN AN INDIVIDUAL WHO, DIRECTLY OR INDIRECTLY,
 THROUGH ANY CONTRACT, ARRANGEMENT, UNDERSTANDING, RELATIONSHIP OR OTHER-
 WISE,  OWNS  ANY  EQUITY  INTEREST  OF  AN ENTITY, AND/OR HAS A LEVEL OF
 CONTROL OVER THE FUNDS OR ASSETS OF THE  ENTITY  THAT,  AS  A  PRACTICAL
 MATTER,  ENABLES  THE  INDIVIDUAL,  DIRECTLY  OR INDIRECTLY, TO CONTROL,
 MANAGE OR DIRECT THE ENTITY AND THE USE OF ITS FUNDS AND ASSETS  OR  ANY
 PART THEREOF.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09857-04-3

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