Assembly Bill A10281

Signed By Governor
2011-2012 Legislative Session

Allows a professional service corporation, in good standing, to convert to a design professional service corporation if it meets all stated requirements

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • 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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2011-A10281 (ACTIVE) - Details

See Senate Version of this Bill:
S7378
Law Section:
Business Corporation Law
Laws Affected:
Amd §1503, BC L

2011-A10281 (ACTIVE) - Summary

Allows a professional service corporation, in good standing, to convert to a design professional service corporation if it meets all stated requirements to become a design professional service corporation.

2011-A10281 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10281

                          I N  A S S E M B L Y

                              May 17, 2012
                               ___________

Introduced  by  M.  of  A.  CANESTRARI  -- read once and referred to the
  Committee on Higher Education

AN ACT to amend the business corporation  law,  in  relation  to  design
  professional service corporations

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 1503 of the business corporation law is amended  by
adding a new paragraph (b-5) to read as follows:
  (B-5) ON OR AFTER JANUARY FIRST, TWO THOUSAND TWELVE, THE STATE EDUCA-
TION  DEPARTMENT  AND  THE  DEPARTMENT  OF STATE SHALL ALLOW AN EXISTING
PROFESSIONAL SERVICE CORPORATION IN GOOD STANDING TO CONVERT TO A DESIGN
PROFESSIONAL SERVICE CORPORATION AS DEFINED IN  THIS  ARTICLE,  PROVIDED
THE  DESIGN  PROFESSIONAL  SERVICE CORPORATION MEETS ALL OF THE REQUIRE-
MENTS TO BECOME A DESIGN  PROFESSIONAL  SERVICE  CORPORATION,  INCLUDING
THAT ITS NAME SHALL END WITH THE WORDS "DESIGN PROFESSIONAL CORPORATION"
OR THE ABBREVIATION "D.P.C.".
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15846-01-2

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