New York A 2382: Provides for the appeal of disputes between shareholders and boards of directors of residential cooperative corporations to a hearing officer appointed by the attorney general

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A02382 Summary:

BILL NOA02382 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORGandolfo (MS)

&nbsp

COSPNSR

&nbsp

MLTSPNSRColton, Cook, Ra

&nbsp

Add §78, Coop Corps L; amd §63, Exec L

&nbsp

Provides for the appeal of disputes between shareholders and boards of directors of residential cooperatives to a hearing officer appointed by the attorney general.

Go to top A02382 Actions:

BILL NOA02382 

&nbsp

01/16/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA02382 Committee&nbspVotes:

Go to topA02382 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA02382 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2382

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 16, 2025
 ___________

 Introduced by M. of A. GANDOLFO -- Multi-Sponsored by -- M. of A.
 COLTON, COOK, RA -- read once and referred to the Committee on Corpo-
 rations, Authorities and Commissions

 AN ACT to amend the cooperative corporations law and the executive law,
 in relation to providing for the resolution of disputes between the
 board of directors of residential cooperative corporations and a
 shareholder to be determined by a hearing officer appointed by the
 attorney general

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The cooperative corporations law is amended by adding a new
 2 section 78 to read as follows:
 3 § 78. Disputes to be heard by attorney general; residential cooper-
 4 ative. A shareholder in a cooperative corporation which owns residential
 5 real property may appeal any decision by such corporation's board of
 6 directors to a hearing officer appointed by the attorney general pursu-
 7 ant to subdivision eighteen of section sixty-three of the executive law.
 8 A hearing upon such appeal shall be heard within sixty days of the
 9 filing thereof with the department of law, with notice to the board of
 10 directors. The hearing officer shall provide each party an opportunity
 11 to be heard and render final determination based on the evidence and
 12 testimony presented at the hearing.
 13 § 2. Section 63 of the executive law is amended by adding a new subdi-
 14 vision 18 to read as follows:
 15 18. Establish an appeals process for the determination of disputes
 16 between shareholders and the boards of directors of cooperative corpo-
 17 rations pursuant to section seventy-eight of the cooperative corpo-
 18 rations law. The attorney general shall appoint and empower such hearing
 19 officers as shall be necessary to hear and determine such appeals.
 20 § 3. This act shall take effect immediately, except that section one
 21 of this act shall take effect on the first of January next succeeding
 22 the date on which it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04554-01-5

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