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Bill > A07512
NY A07512
NY A07512Requires the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.
summary
Introduced
05/08/2019
05/08/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to requiring the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill amends the General Business Law to require the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation if their request is denied, and to provide the reason(s) for the denial within 30 days of the board's decision. This aims to increase transparency and accountability in the cooperative housing application process.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Rodneyse Bichotte Hermelyn (D)*,
Jo Anne Simon (D)*,
Anthony D'Urso (D),
Deborah Glick (D),
Al Taylor (D),
Last Action
referred to housing (on 01/08/2020)
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A07512&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 05/09/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07512&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07512 | 05/09/2019 |
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