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A05841 Summary:

BILL NOA05841
 
SAME ASSAME AS S04910
 
SPONSORWeprin
 
COSPNSR
 
MLTSPNSR
 
Amd §352-eeee, Gen Bus L
 
Provides that a plan may not be declared effective for conversion to cooperative or condominium ownership until written purchase agreements have been executed and delivered for at least twenty-five percent of all dwelling units in the building or group of buildings and written consent has been obtained from the bona fide tenants who were in occupancy of fifty-one percent of the dwelling units in the building or group of buildings or development on the date a letter was issued by the attorney general accepting the plan for filing.
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