Streamlining the Approval Process for Certain Sales of Real Property by Religious Corporations (S.2935-Gallivan/A.9983-Paulin)

Bill S.2935-Gallivan/A.9983-Paulin would allow religious corporations to utilize an expedited process when selling real property valued at less than $200,000. Currently, the Religious Corporations Law requires churches and other religious corporations to seek a court’s approval to sell or mortgage real property, or to lease real property for a term of more than five years. In some situations, religious corporations are also required to place the New York State Attorney General on notice when they request court approval for the sale of real estate. This legislation would help religious corporations to conduct routine real estate transactions without undue time and expense.