Senate Bill S4879

2013-2014 Legislative Session

Relates to excluding oil, gas or mineral land leases from leases that may be recorded by memorandum of lease

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Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary 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

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2013-S4879 (ACTIVE) - Details

See Assembly Version of this Bill:
A842
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §291-c, RP L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8480
2015-2016: A5391
2017-2018: A2511

2013-S4879 (ACTIVE) - Summary

Relates to excluding oil, gas and mineral land leases from leases that may be recorded by memorandum of lease.

2013-S4879 (ACTIVE) - Sponsor Memo

2013-S4879 (ACTIVE) - Bill Text download pdf

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

                                  4879

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 29, 2013
                               ___________

Introduced  by  Sens.  TKACZYK,  ADDABBO, DILAN, KRUEGER, PARKER -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee on Judiciary

AN ACT to amend the real property law, in relation to excluding oil, gas
  or  mineral land leases from leases that may be recorded by memorandum
  of lease

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

  Section 1. Section 291-c of the real property law, as added by chapter
602 of the laws of 1957, is amended to read as follows:
  S 291-c. Recording memoranda of leases.  In lieu of the recording of a
lease  for a term exceeding three years, pursuant to section two hundred
ninety-one of this [chapter] ARTICLE, there may be  recorded  with  like
effect  a  memorandum  of  such  lease,  executed by all persons who are
parties to the lease, and acknowledged or proved, and certified, in  the
manner  to  entitle  a conveyance to be recorded; PROVIDED, HOWEVER, THE
PROVISIONS OF THIS SECTION SHALL NOT APPLY TO THE RECORDING OF OIL,  GAS
OR  MINERAL  LAND  LEASES.  A  memorandum  of  lease thus entitled to be
recorded shall contain at least the following information  with  respect
to  the lease: the name of the lessor and the name of the lessee and the
addresses, if any, set forth in the lease as addresses of such  parties;
a  reference  to the lease, with its date of execution; a description of
the leased premises in the form contained in the lease; the term of  the
lease, with the date of commencement and the date of termination of such
term, and if there is a right of extension or renewal, the maximum peri-
od for which or date to which the lease may be extended or the number of
times or date to which it may be renewed, and the date or dates on which
such rights of extension or renewal are exercisable.
  Whenever  a  memorandum of lease is presented for recording, the lease
shall also be submitted to the recording  officer  for  the  purpose  of
examination  to  determine  whether  or  not such memorandum of lease is

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02503-01-3
              

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