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Sponsors
1 Co-sponsor
History
- Substituted by A9820A
- Amended on third reading 6738a
- Advanced to third reading
- 2nd report cal.
- 1st report cal.476
- Referred to banks
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.
Relates to the consolidation of the bank and insurance departments; repealer
Signed by Governor · Sponsor Annette Robinson
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6738A
Title of bill
An act to amend the banking law, the business corporation law, the civil practice law and rules, the education law, the executive law, the general municipal law, the insurance law, the limited liability company law, the not-for-profit corporation law, the partnership law, the personal property law, the private housing finance law, the public authorities law, the public health law, the public officers law, the real property law, the real property actions and proceedings law, the real property tax law and the state finance law, in relation to the consolidation of the banking and insurance departments; and to repeal certain provisions of the real property law and the defense emergency act of 1951, relating thereto
Purpose of the bill
The purpose of the Bill is to amend various laws to reflect the consolidation of the Banking and Insurance Departments, pursuant to Part A of Chapter 62 of the Laws of 2011, the Financial Services Law (the "FSL"), into the Department of Financial Services. These changes are non-substantive in nature and reflect the merger of Banking and Insurance Departments.
Summary of provisions
The following sections of law are amended by this bill: BL §§ 6-k, 14-a, 14-b, 14-e, 18-a, 26, 32, 39, 44, 96, 97, 98, 104, 108, 130, 140-a, 143, 143-a, 143-b, 195, 201-a, 202-b, 209, 235, 242, 247, 251, 293, 384, 397, 399, 399-a, 412, 508, 550, 590, 595-b, 599-e, 599-n, 605, 2001, 4001-a, 4001-b, 7006 and 7014; BSC: § 301; CVP: § 7701; EDN: §695-b; EXC: §§: 63, 161, 292, 296-a and 835; GMU: §§ 215, 219-c and 219-k; ISC: §§ 1118, 1120, 4402, 4403 and 9111-b; LLC: § 204; NPC: §301; PTR: § 121-102; PEP: § 303; PVH: §§ 15, 30, 94, 122, 307, 311, 407, 454, 474 and 802; PBA: §1835-b; POL: § 73; RPP: §§ 265-b, 280 and 280-a; RPA: §§ 1303 and 1304; RPT: § 953; STF: §§ 5, 14, 106, 201 and 208; and DEA: Article 7.
Existing law
The existing provisions of law amended by this bill are not changed substantively by the provisions of this bill.
Prior legislative history
This is a new bill.
Statement in support
The changes provide herein will clarify existing law to conform to changes made by the FSL. The changes will assist readers and facilitate legal research.
Fiscal implications
There are no fiscal implications from this bill.
Effective date
The bill would be effective upon enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.