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S5370Senate2011-2012 SessionSame asA7418

Relates to the regulation of cemetery trust funds and finances by the cemetery board

Sponsor Michael H. RanzenhoferSD-61Affects Economy
Status
In Assembly Committee
Corporations, Authorities And Commissions
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Corporations, Authorities And Commissions

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Sponsors

Primary sponsor
Michael H. Ranzenhofer

Senator · Senate District 61

Chair, Corporations, Authorities And Commissions

No co-sponsors yet.

History

  1. Referred to corporations, authorities and commissions
  2. Delivered to assembly
  3. Passed senateVote 59–0
  4. Advanced to third reading
  5. 2nd report cal.
  6. 1st report cal.194
  7. Referred to corporations, authorities and commissions
  8. Returned to senate
  9. Died in assembly
  10. Referred to corporations, authorities and commissions
  11. Delivered to assembly
  12. Passed senateVote 62–0
Show 4 earlier actions
  1. Advanced to third reading
  2. 2nd report cal.
  3. 1st report cal.1015
  4. Referred to corporations, authorities and commissions

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A7418Assembly

Relates to the regulation of cemetery trust funds and finances by the cemetery board

In Assembly Committee · Corporations, Authorities And Commissions · Sponsor James F. Brennan

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S5370

Title of bill

An act to amend the not-for-profit corporation law, in relation to regulation of cemetery trust funds and finances by the cemetery board

Purpose or general idea of bill

This bill would modernize and streamline provisions of the Not-for-Profit Corporation Law to provide clear regulatory guidance to the New York State Cemetery Board in approvals of cemetery transactions and financial oversight. The State Cemetery Board is composed of the Secretary of State, Attorney General and Commissioner of Health or their designees.

Summary of specific provisions

Section 1 of the bill amends paragraph (a) of Section 1506 of Not-for-Profit Corporation Law to grant authority for the approval of the purchase of cemetery land to the State Cemetery Board. It eliminates the unnecessary and duplicative step of having this approval signed off on by the local Supreme Court after the State Cemetery Board has approved the transaction.

Paragraph (i) of Section 1506 of Not-for-Profit Corporation Law to give the State Cemetery Board authority to approve the sale or disposition of cemetery lands.

Paragraph (a) of Section 1507 of Not-for-Profit Corporation Law to grant the authority of the regulation of access to cemetery trust funds to the State Cemetery Board through application and review.

Paragraphs (e) and (e-1) of Section 1507 of Not- for-Profit Corporation Law to modernize the process of the designation of fiduciaries for cemeteries and require that notice shall be provided to the State Cemetery Board for review.

Section 3 of the proposal indicates that this act shall take effect immediately.

Existing law

The Not-for-Profit Corporation Law regulating cemeteries does not currently reflect a modern and streamlined regulatory approach to cemetery regulation.

Justification

Existing statutes related to cemetery regulation are duplicative and create unnecessary delays in the proper oversight of regulated cemetery entities. New York's regulated cemeteries are among the most supervised in the nation. The State Cemetery Board is already required to approve and be involved in the regulations of cemeteries addressed by this bill.

This legislation would grant clear authority to the State Cemetery Board to regulate these entities.

Prior legislative history

New bill.

Fiscal implications

None.

Effective date

This act shall take immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.