Bill Text: NY S03105 | 2015-2016 | General Assembly | Introduced
Bill Title: Provides that certain funeral entities may liquidate the assets of their associated crematory or crematorium.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-06 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S03105 Detail]
Download: New_York-2015-S03105-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 3105 2015-2016 Regular Sessions I N S E N A T E February 2, 2015 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT authorizing certain not-for-profit entities to liquidate their assets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Notwithstanding the not-for-profit corporation law or any 2 other law, rule, or regulation to the contrary, any funeral entity that 3 operated a crematory or crematorium prior to January 1, 1998, and which 4 was exempt from the provisions of chapter 560 of the laws of 1998, is 5 authorized to liquidate the assets of such crematory or crematorium and 6 transfer the proceeds of such liquidation to the person or persons who 7 operated such crematory or crematorium on January 1, 1998, or transfer 8 such proceeds to the successors or assigns of such person or persons. 9 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07645-01-5