A1591-2011 Actions

• Jan 4, 2012: referred to housing
• Jan 11, 2011: referred to housing

A1591-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         1591
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 January 11, 2011
 
 Introduced  by  M.  of A. DINOWITZ, COLTON, V. LOPEZ, KAVANAGH -- Multi
 Sponsored by -- M. of A.  BRENNAN, CLARK -- read once and referred  to
 the Committee on Housing
 AN  ACT  to  amend the general business law, in relation to the managing
 agent of a cooperative apartment building or condominium units
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1. Paragraphs (iv) and (v) of subdivision 1 of section 352-ee
 of the general business law, as added by chapter  509  of  the  laws  of
 1978, are amended and a new paragraph (vi) is added to read as follows:

 (iv) a statement, satisfactory to the attorney general, that it is the
 obligation  of  the sponsor to complete all alterations and improvements
 to individual spaces or dwelling units in compliance with such  approved
 plans  within the time specified in the plan or, if the sponsor does not
 undertake such obligation, that it is the obligation of  the  individual
 owners of shares in the cooperative corporation or of condominium units,
 under  the supervision of the cooperative corporation or, in the case of
 a condominium, under the  supervision  of  the  board  of  managers,  to
 complete  such alterations and improvements within the time specified in
 the plan; [and]
 (v) a statement that a permanent certificate of occupancy is  required
 for  permanent residential use of the premises, that a temporary certif
 icate of occupancy may only be renewed for a total period of  two  years
 from  the  date  of  its  original  issuance  and that, if the temporary
 certificate of occupancy shall have expired prior to obtaining a  perma
 nent  certificate  of  occupancy,  residential occupancy of the premises
 will be in violation of the multiple dwelling law, subjecting the  occu
 pants  and the cooperative corporation and its board of directors or, in
 the case of a condominium, the unit owners and  board  of  managers,  to
 penalties under the multiple dwelling law including eviction of residen
 tial occupants[.]; AND
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04469-01-1
 
       A. 1591                             2
 (VI)  A STATEMENT THAT THE SPONSOR SHALL NOT ACT AS THE MANAGING AGENT
 OF SUCH COOPERATIVE APARTMENT BUILDING OR CONDOMINIUM UNITS EXCEPT  UPON
 A VOTE OF TWO-THIRDS OF THE TOTAL MEMBERSHIP OF THE STOCKHOLDERS.
 

S  2.  Subdivision 2 of section 352-eee of the general business law is
 amended by adding a new paragraph (g) to read as follows:

 (G) THE PLAN PROVIDES THAT THE SPONSOR SHALL NOT ACT AS  THE  MANAGING
 AGENT OF SUCH COOPERATIVE APARTMENT BUILDING OR CONDOMINIUM UNITS EXCEPT
 UPON A VOTE OF TWO-THIRDS OF THE TOTAL MEMBERSHIP OF THE STOCKHOLDERS.
 

S  3. Subdivision 2 of section 352-eeee of the general business law is
 amended by adding a new paragraph (g) to read as follows:

 (G) THE PLAN PROVIDES THAT THE SPONSOR SHALL NOT ACT AS  THE  MANAGING
 AGENT OF SUCH COOPERATIVE APARTMENT BUILDING OR CONDOMINIUM UNITS EXCEPT
 UPON A VOTE OF TWO-THIRDS OF THE TOTAL MEMBERSHIP OF THE STOCKHOLDERS.
 

S  4.  This act shall take effect immediately, provided, however, that
 the amendments to sections 352-eee and 352-eeee of the general  business
 law  made  by  sections  two  and three of this act shall not affect the
 expiration of such sections and shall be deemed to expire therewith.

*By contributing or voting you agree to the Terms of Participation and Privacy Policy and verify you are over 13.

Discuss!