State Legislature to amend the Estates, Powers and Trusts Law.

Resolution calling on the State Legislature to amend the Estates, Powers and Trusts Law such that, in the case that a building owner passes away intestate, and no immediate family can be identified as next-of-kin, if a majority of building tenants are willing to purchase the building as a cooperative and they are willing to pay the appraised value of the property, they should have a right of first refusal