2023 New York Laws › LLC - Limited Liability Company Law › Article 11 - Miscellaneous › 1107 - Beneficial Ownership Disclosure.

* § 1107. Beneficial ownership disclosure. (a) All reporting companies
shall   file  with  the  department  of  state  a  beneficial  ownership
disclosure in such form and manner as  directed  by  the  department  of
state,  identifying  each  beneficial owner of the reporting company and
each applicant with respect to that  reporting  company,  by:  (1)  full
legal  name;  (2)  date  of  birth;  (3) current home or business street
address; and (4) a unique identifying  number  from:  (i)  an  unexpired
passport;  (ii)  an  unexpired  state  driver's  license;  or  (iii)  an
unexpired identification card or document issued by  a  state  or  local
government  agency or tribal authority for the purpose of identification
of that individual.
(b) All exempt companies shall electronically file, under  penalty  of
perjury,  an  attestation  of  exemption  in such form designated by the
department  of  state,  which  statement  shall  include  the   specific
exemption  claimed  and  the facts on which such exemption is based. Any
company filing an  exemption  pursuant  to  this  subdivision  shall  be
subject to the annual statement requirement as stated in subdivision (g)
of  this  section  in  the  form  prescribed  by  the  department, which
statement shall be attested to under penalty of perjury.
(c) All beneficial ownership disclosures, attestations  of  exemption,
and  filing  fees shall be submitted electronically as prescribed by the
department of state. The beneficial ownership disclosure or  attestation
of   exemption  shall  be  signed  electronically  consistent  with  the
provisions of article three of the state technology law.
(d)  Within  thirty  days  of  an  initial  filing  of   articles   of
organization or an application for authority pursuant to this chapter, a
reporting  company  shall file with the department of state a beneficial
ownership disclosure that complies with subdivision (a) of this section.
Within thirty days of an initial filing of articles of  organization  or
an application for authority pursuant to this chapter, an exempt company
shall file with the department of state an attestation of exemption that
complies with subdivision (b) of this section.
(e)  Within  one  year  of  the  effective  date  of this section, all
previously formed or authorized reporting companies shall file with  the
department of state a beneficial ownership disclosure that complies with
subdivision  (a)  of this section. Within one year of the effective date
of this section, all previously formed or  authorized  exempt  companies
shall file with the department of state an attestation of exemption that
complies with subdivision (b) of this section.
(f)  All  information  relating  to  beneficial owners who are natural
persons collected by the department of state  in  accordance  with  this
section  shall  be  maintained  in a secure database and shall be deemed
confidential except: (1) pursuant  to  the  written  request  of  or  by
voluntary  written  consent of the beneficial owner; (2) by court order;
(3) to  officers  or  employees  of  another  federal,  state  or  local
government  agency  where  disclosure  is  necessary  for  the agency to
perform its official duties as  required  by  statute  or  necessary  to
operate a program specifically authorized by law; or (4) for a valid law
enforcement  purpose  including  as  relevant  to  any  law  enforcement
investigation by the office of  the  attorney  general.  Any  beneficial
ownership  information  disclosed  by  department  of state shall not be
further disclosed by any recipient except as authorized  in  law  or  as
otherwise necessary to the performance of statutory duties.
(g)  Once  the initial beneficial ownership disclosure has been filed,
all reporting companies shall electronically file with the department of
state an annual statement confirming or updating: (1)  their  beneficial
ownership   disclosure  information;  (2)  the  street  address  of  its
principal executive office; (3) status as exempt company, if applicable;

and (4) such other information as may be designated by the department of
state.
(h)  The  department  of  state shall establish provisions for sharing
information with agencies permitted to access  information  relating  to
beneficial owners in accordance with subdivision (f) of this section.
* NB Effective January 1, 2026