Bill Text: NY S07378 | 2011-2012 | General Assembly | Amended
Bill Title: Allows a professional service corporation, in good standing, to convert to a design professional service corporation if it meets all stated requirements to become a design professional service corporation.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-06-11 - SUBSTITUTED BY A10281 [S07378 Detail]
Download: New_York-2011-S07378-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
7378--A
I N S E N A T E
May 2, 2012
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the business corporation law, in relation to design
professional service corporations
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 1503 of the business corporation law is amended by
2 adding a new paragraph (b-5) to read as follows:
3 (B-5) ON OR AFTER JANUARY FIRST, TWO THOUSAND TWELVE, THE STATE EDUCA-
4 TION DEPARTMENT AND THE DEPARTMENT OF STATE SHALL ALLOW AN EXISTING
5 PROFESSIONAL SERVICE CORPORATION IN GOOD STANDING TO CONVERT TO A DESIGN
6 PROFESSIONAL SERVICE CORPORATION AS DEFINED IN THIS ARTICLE, PROVIDED
7 THE DESIGN PROFESSIONAL SERVICE CORPORATION MEETS ALL OF THE REQUIRE-
8 MENTS TO BECOME A DESIGN PROFESSIONAL SERVICE CORPORATION, INCLUDING
9 THAT ITS NAME SHALL END WITH THE WORDS "DESIGN PROFESSIONAL CORPORATION"
10 OR THE ABBREVIATION "D.P.C.".
11 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15709-02-2
