Increases transparency in cooperative housing corporations

Summary

Increases transparency in cooperative housing corporations by giving shareholders more rights to information of the co-op and limiting the powers of management companies and boards.

Summary from NY Open Legislation. How we handle summaries

Amends the Cooperative Corporations Law.

Purpose, from the sponsor's memo

Enacts reforms in corporate governance and transparency of cooperative housing corporations.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Corporations, Authorities and Commissions · New York State Assembly

Also referred to Corporations, Authorities And Commissions · New York State Senate, Housing · New York State Assembly.

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Recorded votes

• Vote: Committee vote · Corporations, Authorities And Commissions

  Senate Corporations, Authorities And CommissionsMay 19, 2026Result: passed

  Voted yes (7)Voted no (0)Voted present (0)Absent (0)

  See member positions

Full history

1. Jun 5, 2026

   In committee

   COMMITTED TO RULES

   NY Senate

2. May 21, 2026

   Advanced to Third Reading

   ADVANCED TO THIRD READING

   NY Senate

3. May 20, 2026

   2ND Report CAL.

   2ND REPORT CAL.

   NY Senate

4. May 19, 2026

   1ST Report CAL.1225

   1ST REPORT CAL.1225

   NY Senate

5. Feb 20, 2026

   Referred to committee

   REFERRED TO HOUSING

   NY Assembly

Read the record

• Read on NY Senate (opens in a new tab) The official record on nysenate.gov.