A 7090 New York Assembly · 2025 Regular Session

Requires the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request

Summary

Requires the board of directors of a residential cooperative housing corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 20, 2025 Last action Jan 7, 2026

Maddy AI version diff · 1 comparison

What changed between versions

A7090 → A7090A · 4 edits

MODERATE

This bill expands its scope from only the general business law to also include the business corporation law and not-for-profit corporation law, broadening the legal framework for residential cooperative housing corporations. The substantive policy requirement remains the same: boards must notify applicants in writing within 30 days if they deny a share purchase request, explaining their reasons. The bill also updates its status to reflect committee discharge and amendment.

Scope change

Expanded from applying only to the general business law to now also apply to the business corporation law and not-for-profit corporation law, specifically targeting residential cooperative apartment corporations.

SCOPE

Bill title and scope expanded from general business law to include business corporation law and not-for-profit corporation law for residential cooperative housing corporations.

REQUIREMENT

Added new section 728 to business corporation law and new section 519-b to not-for-profit corporation law requiring written notification of share purchase denials.

Removed original section requiring notification under general business law section 352-m.

TIMELINE

Bill status updated to show committee discharge, amendment, and recommitment.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO WAYS AND MEANS

lower

Jun 10, 2025

Committee

REFERENCE CHANGED TO WAYS AND MEANS

lower

Jun 9, 2025

Lower · Passed

PRINT NUMBER 7090A

lower

Jun 9, 2025

Lower · Passed

AMEND (T) AND RECOMMIT TO HOUSING

lower

Mar 20, 2025

Committee

REFERRED TO HOUSING

lower

1 primary · 8 co-sponsors