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History
- Signed chap.5
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading cal.385
- Substituted for A9175
- Referred to corporations, authorities and commissions
- Returned to assembly
- Repassed senate
- Amended on third reading 6379a
- Vote reconsidered - restored to third reading
- Returned to senate
Show 6 earlier actions
- Recalled from assembly
- Referred to corporations, authorities and commissions
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.10
- Referred to rules
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 liability of shareholders for wages due to laborers, servants or employees for certain foreign corporations
Assembly Floor Calendar · Sponsor Phil Steck
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the business corporation law, in relation to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corporations
Purpose
To provide technical amendments to Chapter 421 of the Laws of 2015 to ensure to ensure that foreign corporations are subject to business corporation law section 630, which stipulates that the ten largest shareholders of a corporation are liable for their employees' unpaid wages prior to ceasing operations. Domestic corporations are already subject to such provision.
Summary of provisions
Section 1: Amends paragraph (a) of section 630 of the business corporation law, as amended by chapter 421 of the laws of 2015 to ensure domestic and foreign corporations are treated alike.
Section 2: Amends paragraph (a) of section 1319 of the business corporation law to provide a statutory cross reference
Section 3. Effective date.
Justification
Chapter 421 of the laws of 2013 amended section 630 of the business corporation law to ensure that New York and foreign corporations are treated alike in terms of liability for unpaid wages of employees. Prior to chapter 421, liability was imposed only on New York corporations. This bill makes technical changes to ensure, among other things, that the amendments to section 630 are constitutional.
Legislative history
New bill.
Fiscal implications
None
Effective date
This act shall take effect on the same date and in the same manner as a chapter of the laws of 2015, amending the business corporation law relating to the applicability of provisions relating to liability of shareholders for wages due to laborers, servants or employees for certain foreign corporations, as proposed in legislative bills numbers S.4476 and A.737, takes effect.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.