Bill Commons

NY A 5795

in committee

Relates to the indemnification of directors, officers and key persons; and to repeal sections 721, 722 and 723 of the not-for-profit corporation law

New York · 2025-2026 Regular Session · lower

Description

Relates to the indemnification of directors, officers and key persons; ensures the survival of indemnification in case of a merger or consolidation of a corporation; provides that once a right to indemnification arises, it continues to benefit a former director, officer or key person's and their heirs and estate; makes related provisions.

Introduced
Status date
Latest action
2026-01-07 — REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Bill type
bill
Last updated

Sponsors

  • Alicia Hyndmanprimary

Committees

Not provided by source.

Action timeline

  1. 2025-02-20

    REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

    referral-committee

  2. 2026-01-07

    REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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