S2044
Memo:
BILL NUMBER: S2044
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PURPOSE OF BILL:
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Requires foreign corporations providing gambling or wagering over the internet to file for authorization to do business in this state with the secretary of state.
SUMMARY OF SPECIFIC PROVISIONS:
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Section 1 of the bill adds a new paragraph a-1to section 1301of the Business Corporation Law which would require a foreign corporation providing gambling or wagering services in this state to register with
the Department of State.
Section 2 provides for the effective date.
JUSTIFICATION:
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There are dozens of companies on the world wide web which offer interactive wagering programs. All of these companies are situated in foreign countries and market there services to New York State residents.
This bill would require internet gambling companies to register as a foreign corporation doing business in New York so that residents of this State may easily reach such corporations for service of process.
LEGISLATIVE HISTORY: 1997-98 S.4174-Passed Senate
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EFFECTIVE DATE:
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This act shall take effect on the ninetieth day after it shall have
become a law.
Status:
S 2044 LARKIN
Business Corporation Law
TITLE.... Requires foreign corporations providing gambling or wagering over the internet to file for authorization to do business in this state with the secretary of state
02/02/99 REFERRED TO RACING, GAMING AND WAGERING
Text:
STATE OF NEW YORK
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2044
1999-2000 Regular Sessions
IN SENATE
February 2, 1999
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Introduced by Sen. LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wagering
AN ACT to amend the business corporation law, in relation to requiring any foreign corporation providing gambling or wagering over the internet to be authorized to do business in this state
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 1301 of the business corporation law is amended by
2 adding a new paragraph (a-1) to read as follows:
3 (A-1) A FOREIGN CORPORATION PROVIDING GAMBLING OR WAGERING SERVICES OR
4 ACTIVITIES IN THIS STATE BY MEANS OF ANY COMPUTER COMMUNICATION SYSTEM
5 SHALL BE DEEMED TO BE DOING BUSINESS IN THIS STATE AND SHALL THEREFORE
6 BE REQUIRED TO OBTAIN AUTHORIZATION TO DO BUSINESS IN THIS STATE. THE
7 APPLICATION THEREFOR, SUBMITTED PURSUANT TO SECTION THIRTEEN HUNDRED
8 FOUR OF THIS ARTICLE, OR ANY AMENDMENT OR CHANGE MADE PURSUANT TO
9 SECTION THIRTEEN HUNDRED EIGHT OF THIS ARTICLE SHALL EXPLICITLY STATE
10 THAT SUCH CORPORATION INTENDS TO PROVIDE GAMBLING OR WAGERING SERVICES
11OR ACTIVITIES BY MEANS OF A COMPUTER COMMUNICATION SYSTEM.
12 ยง 2. This act shall take effect on the ninetieth day after it shall
13 have become a law.