2023 New York Laws › LLC - Limited Liability Company Law › Article 2 - Formation › 215 - Beneficial Ownership Disclosure.

* § 215. Beneficial ownership disclosure. (a) When filing the articles
of organization pursuant to section two hundred three of this article or
filing  an amendment of the articles of organization pursuant to section
two hundred eleven of this article, the  reporting  company  shall  file
with  the department of state a beneficial ownership disclosure, and any
updates to such information, as  may  be  applicable,  identifying  each
beneficial owner by: (1) full legal name; (2) date of birth; (3) current
business  street  address;  and  (4) a unique identifying number from an
acceptable identification document defined in 31 U.S.C. §  5336  (a)(1).
Provided, however, that where an initial report contains the information
required  herein,  a  reporting company may submit a copy of the initial
report, submitted to the federal government  pursuant  to  31  U.S.C.  §
5336, to satisfy the requirements of this section.
(b)  All  personal  or  identifying  information  of beneficial owners
provided to the department of state under this section not  required  to
be  included  in  the  business  entity database pursuant to section one
hundred-b of the executive law, shall be deemed confidential except  for
the  purposes  of  law  enforcement,  or  as  otherwise  required  to be
disclosed  pursuant  to  a  court  order.  If  confidential  information
associated  with a beneficial owner is held electronically, such records
shall be encrypted or protected in a substantially similar  manner.  The
department  of state shall, upon the filing of each beneficial ownership
disclosure, assign each beneficial owner of a limited liability  company
an anonymized unique identifying number, which shall not be based on any
personally  identifying  number  including  but  not limited to a social
security or tax identification number assigned  to  or  associated  with
such beneficial owner.
(c)  (1) Each reporting company formed on or before the effective date
of this section shall file the information  required  under  subdivision
(a)  of  this  section;  and each exempt company formed on or before the
effective date of this section shall file a statement signed by a member
or manager indicating  the  provision  or  provisions  of  31  U.S.C.  §
5336(a)(11)(B),   excluding  such  company  from  the  definition  of  a
reporting company, with the department of state no  later  than  January
first, two thousand twenty-five.
(2)  A  reporting  company  which  has  failed  to file the beneficial
ownership disclosure as required by this section for a period  exceeding
thirty  days  shall  be  shown  to  be  past  due  on the records of the
department of state until an up-to-date beneficial ownership  disclosure
is filed with the department.
(3)  A  reporting  company  which  has  failed  to file the beneficial
ownership disclosure as required by this section for a period  exceeding
two  years  shall  be  shown  to  be  delinquent  on  the records of the
department of state after a notice of delinquency has been mailed to the
last known business address of such reporting company, and such  company
has  failed to file such information within sixty days of the mailing of
such notice. Such delinquency shall be removed from the records  of  the
department  of  state  upon  the  filing  of  an  up-to-date  beneficial
ownership disclosure, and the payment of a civil penalty of two  hundred
fifty dollars.
* NB Effective and Repealed January 1, 2026