New York S 3400: Authorizes Carl Spatola to receive a refund from the New York state teachers' retirement system

Bill Text

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S03400 Summary:

BILL NOS03400 

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SAME ASNo Same As

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Amd §906, N-PC L; amd §12, Rel Corp L

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Relates to the correction of tax errors made by the nonprofit revitalization act.

Go to top S03400 Actions:

BILL NOS03400 

&nbsp

01/27/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS03400 Committee&nbspVotes:

Go to topS03400 Floor&nbspVotes:

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

Go to topS03400 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3400

 2025-2026 Regular Sessions

 IN SENATE

 January 27, 2025
 ___________

 Introduced by Sen. COMRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the not-for-profit corporation law and the religious
 corporations law, in relation to the correction of tax errors made by
 the nonprofit revitalization act

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

 1 Section 1. Clause (D) of subparagraph 2 of paragraph (d) of section
 2 906 of the not-for-profit corporation law, as amended by chapter 1058 of
 3 the laws of 1971, is amended to read as follows:
 4 (D) An agreement that the surviving or consolidated foreign corpo-
 5 ration may be served with process in this state in any action or special
 6 proceeding for the enforcement of any liability or obligation of any
 7 domestic corporation or of any foreign corporation, previously amenable
 8 to suit in this state, which is a constituent corporation in such merger
 9 or consolidation, and an agreement that the surviving or consolidated
 10 foreign corporation may be sued in this state in respect of any property
 11 transferred or conveyed to it as provided in paragraph [(c)] (b) of
 12 section 907 (Approval by the supreme court), or the use made of such
 13 property, or any transaction in connection therewith.
 14 § 2. Subdivision 1 of section 12 of the religious corporations law, as
 15 amended by chapter 555 of the laws of 2015, is amended to read as
 16 follows:
 17 1. A religious corporation shall not sell, mortgage or lease for a
 18 term exceeding five years any of its real property without applying for
 19 and obtaining leave of the court or the attorney general therefor pursu-
 20 ant to section five hundred eleven of the not-for-profit corporation law
 21 as that section is modified by paragraph (d-1) of subdivision one of
 22 section two-b of this chapter [or section five hundred eleven-a of the
 23 not-for-profit corporation law], except that a religious corporation may

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05150-01-5

 S. 3400 2

 1 execute a purchase money mortgage or a purchase money security agreement
 2 creating a security interest in personal property purchased by it with-
 3 out obtaining leave of the court therefor.
 4 § 3. This act shall take effect immediately.

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