New York · 2025 Regular Session · Bill
A 5795: 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
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 5795 is a bill introduced in the New York House on February 20, 2025. According to its official title, it concerns: 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. Primary sponsor: Alicia Hyndman (Democratic). Most recent recorded action (January 7, 2026): REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Alicia Hyndman | Primary sponsor | Democratic | House | 29 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
- REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS