New York A 7183: Relates to the effectiveness of the pilot residential parking permit system in the city of Buffalo

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A07183 Summary:

BILL NOA07183 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORChandler-Waterman

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §519-b, N-PC L; add §728, BC L

&nbsp

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

Go to top A07183 Actions:

BILL NOA07183 

&nbsp

03/21/2025referred to housing

01/07/2026referred to housing

Go to topA07183 Committee&nbspVotes:

Go to topA07183 Floor&nbspVotes:

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

Go to topA07183 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7183

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 21, 2025
 ___________

 Introduced by M. of A. CHANDLER-WATERMAN -- read once and referred to
 the Committee on Housing

 AN ACT to amend the not-for-profit corporation law and the business
 corporation law, in relation to cooperative purchase applications

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

 1 Section 1. The not-for-profit corporation law is amended by adding a
 2 new section 519-b to read as follows:
 3 § 519-b. Residential cooperative corporations; ownership interests.
 4 (a) Any residential cooperative corporation incorporated pursuant to
 5 this chapter, shall establish uniform processes for applying to and
 6 considering applications for the purchase of certificates of stock, a
 7 proprietary lease or other evidence of an ownership interest in such
 8 residential cooperative corporation.
 9 (b) Written notice of such processes shall be made available to any
 10 prospective purchasers and prospective sellers, or their respective real
 11 estate agents, promptly upon request.
 12 (c) At a minimum, such processes shall require the cooperative corpo-
 13 ration, upon receiving an application from a prospective purchaser, to
 14 acknowledge receipt of such application within twenty-one days and to
 15 include in such acknowledgement of receipt whether the application
 16 submitted fully satisfies the requirements therefor, the way or ways the
 17 submitted application is incomplete, and any additional materials neces-
 18 sary to effectuate consideration of the application.
 19 (d) The processes established pursuant to this section shall further
 20 require that, following the submission of a completed application and
 21 all additional materials requested in the acknowledgement of receipt,
 22 the board of directors shall notify the prospective purchaser or their
 23 agent that the application is complete. Such notice shall state by what
 24 date review of the application will be complete and when the prospective

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08033-01-5

 A. 7183 2

 1 purchaser or their agent will be notified whether consent to the sale is
 2 granted or denied.
 3 (e) Written notice that consent to the sale has been granted or denied
 4 shall be provided to the prospective purchaser no more than ninety days
 5 after the submission of a completed application. In the event a sale is
 6 denied, such notice shall state the reason for the denial. If no written
 7 notice is provided within ninety days, consent to the sale shall be
 8 granted.
 9 (f) Nothing in this section shall be construed to limit the rights or
 10 remedies provided by any other provision of law.
 11 § 2. The business corporation law is amended by adding a new section
 12 728 to read as follows:
 13 § 728. Residential cooperative corporations; ownership interests.
 14 (a) Any residential cooperative corporation incorporated pursuant to
 15 this chapter, shall establish uniform processes for applying to and
 16 considering applications for the purchase of certificates of stock, a
 17 proprietary lease or other evidence of an ownership interest in such
 18 residential cooperative corporation.
 19 (b) Written notice of such processes shall be made available to any
 20 prospective purchasers and prospective sellers, or their respective real
 21 estate agents, promptly upon request.
 22 (c) At a minimum, such processes shall require the cooperative corpo-
 23 ration upon receiving an application from a prospective purchaser, to
 24 acknowledge receipt of such applicat