Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to corporations, authorities and commissions |
Feb 02, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S3105
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
2015-S3105 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Not-for-Profit Corporation
- Versions Introduced in 2013-2014 Legislative Session:
-
S5378
2015-S3105 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3105 TITLE OF BILL: An act authorizing certain not-for-profit entities to liquidate their assets PURPOSE: This bill allows funeral entities which were exempted from Chapter 560 of the Laws of 1998 to liquidate the assets of their associated crematory or crematorium. SUMMARY OF PROVISIONS: Section 1 amends the Not-for-Profit Corporation Law to allow any funeral entity that operated a crematory or crematorium prior to January 1, 1998 and was exempt from the provisions of Chapter 560 of the Laws of 1998 to liquidate the assets of such crematory or crematorium. The proceeds of the liquidation can go to the operators of the crematory or crematorium on January 1, 1998 or to their successors or assigns. Section 2 provides that this act shall take effect immediately. JUSTIFICATION: Funeral entities that operated a crematory or crematorium prior to
2015-S3105 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3105 2015-2016 Regular Sessions I N S E N A T E February 2, 2015 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT authorizing certain not-for-profit entities to liquidate their assets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding the not-for-profit corporation law or any other law, rule, or regulation to the contrary, any funeral entity that operated a crematory or crematorium prior to January 1, 1998, and which was exempt from the provisions of chapter 560 of the laws of 1998, is authorized to liquidate the assets of such crematory or crematorium and transfer the proceeds of such liquidation to the person or persons who operated such crematory or crematorium on January 1, 1998, or transfer such proceeds to the successors or assigns of such person or persons. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07645-01-5
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