Bill

Bill > A01064


NY A01064

NY A01064
Requires 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
01/13/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 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

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 of the reason(s) the board has refused such request. The board must provide this notification in writing to the applicant within 30 days of their decision to deny the request to purchase the shares.

Committee Categories

Housing and Urban Affairs

Sponsors (10)

Last Action

referred to housing (on 01/03/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ Fair Housing and Housing Discrimination
  • ‐ General Housing and Community Development

bill text


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