New York legislation · 2025-2026 General Assembly
New York S8912: Increases transparency in cooperative housing corporations
Status: In committee, June 5, 2026
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.
What the bill says
An act to amend the cooperative corporations law, in relation to increasing transparency in cooperative housing corporations.
From the introduced text, January 15, 2026:
AN ACT to amend the cooperative corporations law, in relation to increasing transparency in cooperative housing corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The cooperative corporations law is amended by adding a new article 9 to read as follows: ARTICLE 9 COOPERATIVE HOUSING CORPORATIONS TITLE I. APPLICABILITY. II. COOPERATIVE HOUSING CORPORATION STRUCTURE. III. COOPERATIVE SHAREHOLDER PROTECTION ACT. TITLE I APPLICABILITY SECTION 139. APPLICABILITY. § 139. APPLICABILITY. ANY CITY WITH A POPULATION OF ONE MILLION OR MORE SHALL BE PERMITTED TO OPT OUT OF THE PROVISIONS OF THIS ARTICLE. TITLE II COOPERATIVE HOUSING CORPORATION STRUCTURE SECTION 140. APPLICABILITY OF BUSINESS CORPORATION LAW. 141. DEFINITIONS. 142. ADDITIONAL POWERS OF MEMBERS. 143. MEETINGS; BUDGET. 144. SERVICE OF EMPLOYEES OF MANAGEMENT COMPANIES ON THE BOARD PROHIBITED. § 140. APPLICABILITY OF BUSINESS CORPORATION LAW. IF ANY PROVISION OF THE BUSINESS CORPORATION LAW CONFLICTS WITH ANY PROVISION OF THIS ARTICLE, THE PROVISION OF THIS ARTICLE SHALL PREVAIL, AND THE CONFLICTING PROVISION OF THE BUSINESS CORPORATION LAW SHALL NOT APPLY IN SUCH CASE. IF ANY PROVISION OF THIS ARTICLE RELATES TO A MATTER EMBRACED IN THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14463-01-6 S. 8912 2 BUSINESS CORPORATION LAW BUT IS NOT IN …
Sponsors
- Shelley Mayer (D, 37) · primary sponsor
Latest actions
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.1225
- : REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Votes
- Senate Corporations, Authorities And Commissions Committee: COMMITTEE Vote (May 19, 2026): 7 yea, 0 nay, passed
- Corporations, Authorities And Commissions Committee Vote (May 19, 2026): 7 yea, 0 nay, passed
Subjects: Cooperative Corporations Law
Common questions
- What is S8912?
- S8912 is a bill in the New York Legislature (2025-2026 General Assembly): Increases transparency in cooperative housing corporations.
- What does S8912 do?
- In its own words: An act to amend the cooperative corporations law, in relation to increasing transparency in cooperative housing corporations.
- What is the status of S8912?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S8912?
- Shelley Mayer (D, 37).
- Where is the official record for S8912?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S8912
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.