S5587 (2023-24 session)
NY State bill
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 her or his heirs and estate; makes related provisions.
- Title
- 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; repealer
- Type
- New York State Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-03
- In committee
- Corporations, Authorities And Commissions
- Introduced
- 2023-03-08
- Same as
- A9446
- Law section
- Not-for-Profit Corporation Law
Sponsors
- Leroy Comrie State Senator, District 14
Heard in committee
- Corporations, Authorities And Commissions NY State Senate committee
Same as
- A9446 (2023-24 session) NY State bill