Bill

A 7892

Relates to the court approval process for the sale, mortgage and lease of real property of a religious corporation

2025 Regular Session Introduced by Ed Braunstein and 3 co-sponsors

Bill A 7892 streamlines court approval for New York religious corporations to sell, mortgage, or lease property, ensuring transparency and protecting community interests.

SIGNED CHAP.417

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Bill Summary · A 7892

Summary of Bill A 7892

Bill Overview

Bill Number: A 7892
Title: Relates to the court approval process for the sale, mortgage, and lease of real property of a religious corporation
Status: Signed into law as Chapter 417
Introduced: April 11, 2025

Purpose and Intent

The primary purpose of Bill A 7892 is to streamline and clarify the court approval process required for religious corporations in New York when they seek to sell, mortgage, or lease their real property. The bill aims to ensure that these transactions are conducted transparently and with appropriate oversight, while also respecting the unique status of religious organizations.

Key Provisions

Court Approval Requirement: The bill establishes that religious corporations must obtain court approval before engaging in the sale, mortgage, or lease of real property.
Streamlined Process: It outlines a more efficient process for obtaining this approval, potentially reducing the time and resources required for religious corporations to complete property transactions.
Transparency Measures: The bill includes provisions to ensure that the transactions are conducted in a manner that is open to scrutiny, thereby protecting the interests of the congregation and the community.

Affected Parties

Religious Corporations: The primary entities affected by this legislation are religious corporations operating within New York State that own real property.
Congregations and Communities: Members of religious congregations and the broader community may also be impacted, as the bill aims to safeguard their interests in property transactions involving their places of worship.

Legislative Timeline

April 11, 2025: Bill introduced and referred to the Committee on Corporations, Authorities, and Commissions.
May 1, 2025: Advanced to third reading.
May 5, 2025: Passed in the Assembly and delivered to the Senate.
June 5, 2025: Passed in the Senate, returned to the Assembly, and substituted for companion bill S 6991.
September 22, 2025: Delivered to the Governor.
September 26, 2025: Signed into law as Chapter 417.

Related Legislation

Companion Bill: S 6991, which addresses similar issues regarding the court approval process for religious corporations.

This summary provides an overview of Bill A 7892, highlighting its purpose, key provisions, and the parties it affects, along with a timeline of its legislative journey. The bill represents an important step in ensuring that religious corporations can manage their real property effectively while maintaining accountability and transparency.

Compiled from official sources — confirm details with the bill’s official record.