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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A1052
- Advanced to third reading
- 2nd report cal.
- 1st report cal.31
- 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.
Relates to design professional service corporations
Signed by Governor · Sponsor Donna Lupardo
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2898
Title of bill
An act to amend the business corporation law, in relation to design professional service corporations
Purpose
Chapter amendment to Chapter 467 of the Laws of 2012.
Summary of provisions
Section 1. Amends section 1501 of the business corporations law to remove the definitions a-h.
Section 2. Amends the business corporations law to reinstate definitions a-f and adds new definitions in paragraphs g, h and i.
Section 3. Amends paragraph (b-5) of section 1503 of the business corpo- rations law relating to design professional business corporations.
Section 4. Sets forth the effective law.
Justification
This bill makes technical corrections to Chapter 467 of the Laws of 2012 which allowed existing professional service corpo- rations to convert to design professional service corporations. This chapter amendment ensures that the process to convert one type of corpo- ration to a design professional service corporation is detailed and clearly lined out.
Legislative history
New legislation.
Fiscal implications
None.
Effective date
Immediately, and be deemed in full force and effect on and after October 3, 2012.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.