Legislation: batch D — NY OH OK OR PA RI SC SD TX UT

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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---
type: "Bill"
title: "Relates to directors serving on audit committees"
description: "Establishes that directors of controlled corporations may serve on the designated audit committee of the board of such controlling corporation."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2017-2018"
identifier: "A 10534"
citation: "New York A 10534 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["PAULIN"]
version_count: 2
action_count: 12
vote_count: 2
first_action: "2018-05-04"
last_action: "2018-12-28"
source: "openstates"
source_identifier: "ocd-bill/c7dd3bf3-8ae4-4506-bbd0-f3d7a8ba414d"
source_url: "http://www.nysenate.gov/legislation/bills/2017/A10534"
source_hash: "a2d2045c9be905cea0985096da613051b60e650d7353a57e33b65de0fd0f3bdb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---
# New York A 10534 (2017-2018) — Relates to directors serving on audit committees
Establishes that directors of controlled corporations may serve on the designated audit committee of the board of such controlling corporation.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **A10534 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A10534&term=2017&Text=Y)
2. **A10534 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/A10534)
## Votes
- Assembly Vote — **140–0** (pass) · lower
- Floor Vote — **60–0** (pass) · upper
## Sponsors
- PAULIN — primary (person)
- ABINANTI — cosponsor (person)
- BUCHWALD — cosponsor (person)
- GALEF — cosponsor (person)
- OTIS — cosponsor (person)
- RAIA — cosponsor (person)
- SEAWRIGHT — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2018-05-04** REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS `referral-committee`
- **2018-05-31** REPORTED
- **2018-05-31** ADVANCED TO THIRD READING CAL.1056
- **2018-06-06** PASSED ASSEMBLY `passage`
- **2018-06-06** DELIVERED TO SENATE
- **2018-06-06** REFERRED TO RULES `referral-committee`
- **2018-06-20** SUBSTITUTED FOR S8638
- **2018-06-20** 3RD READING CAL.2063
- **2018-06-20** PASSED SENATE `passage`
- **2018-06-20** RETURNED TO ASSEMBLY
- **2018-12-17** DELIVERED TO GOVERNOR `executive-receipt`
- **2018-12-28** SIGNED CHAP.468 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c7dd3bf3-8ae4-4506-bbd0-f3d7a8ba414d`. Confidence: reported (aggregated from official New York legislature records).