STATE OF NEW YORK
________________________________________________________________________
3037--B
2017-2018 Regular Sessions
IN ASSEMBLY
January 24, 2017
___________
Introduced by M. of A. SKOUFIS, HOOPER, SEPULVEDA, COOK -- Multi-Spon-
sored by -- M. of A. LOPEZ -- read once and referred to the Committee
on Corporations, Authorities and Commissions -- committee discharged,
bill amended, ordered reprinted as amended and recommitted to said
committee -- again reported from said committee with amendments,
ordered reprinted as amended and recommitted to said committee
AN ACT to amend the not-for-profit corporation law, in relation to the
right of a member of a homeowners association to review books and
records
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 621 of the not-for-profit corporation law is
2 amended by adding a new paragraph (e-1) to read as follows:
3 (e-1) In addition to those documents described in paragraph (e) of
4 this section, members of a homeowners association incorporated pursuant
5 to the provisions of this chapter shall also be entitled to review, upon
6 request to the homeowners association's governing board, invoices,
7 ledgers, bank accounts, reconciliations, contracts, and any documents
8 related to the expenditure of homeowners association dues.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06281-05-7
