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New York Not-for-profit Corporation - Article 7 - (701 - 726) Directors and Officers

Legal Research Home > New York Laws > New York Not-for-profit Corporation (NPC) > New York Not-for-profit Corporation - Article 7 - (701 - 726) Directors and Officers

• New York Not-for-profit Corporation - Article 7 - Directors and Officers
• New York Not-for-profit Corporation - § 701 - Board of Directors
  , shall be at least sixteen years of age. Notwithstanding the above, a corporation organized for educational purposes primarily for the benefit of individuals below...
• New York Not-for-profit Corporation - § 702 - Number of Directors
  , whether by amending the by-laws or by taking action under the specific provisions of a by-law adopted by the members, such amendment or action...
• New York Not-for-profit Corporation - § 703 - Election and Term of Office of Directors; Alternates
  (a) A corporation may provide in its certificate of incorporation or by-laws for directors to be elected or appointed at large, or by special districts...
• New York Not-for-profit Corporation - § 704 - Classification of Directors
  (a) The certificate of incorporation or a by-law adopted by the members may provide that directors elected or appointed at large shall be divided into...
• New York Not-for-profit Corporation - § 705 - Newly Created Directorships and Vacancies
  (a) Newly created directorships resulting from an increase in the number of directors elected or appointed at large, and vacancies among such directors for any...
• New York Not-for-profit Corporation - § 706 - Removal of Directors
  , with or without cause, as provided in paragraphs (a) and (b) is subject to the following: (1) In the case of a corporation having...
• New York Not-for-profit Corporation - § 707 - Quorum of Directors
  Unless a greater proportion is required by this chapter or by the certificate of incorporation or by a by-law adopted by the members, a majority...
• New York Not-for-profit Corporation - § 708 - Action by the Board
  (a) Except as otherwise provided in this chapter, any reference in this chapter to corporate action to be taken by the board shall mean such...
• New York Not-for-profit Corporation - § 709 - Greater Requirement as to Quorum and Vote of Directors
  (a) The certificate of incorporation or a by-law adopted by the members may contain provisions specifying either or both of the following: (1) That the...
• New York Not-for-profit Corporation - § 710 - Place and Time of Meetings of the Board
  (a) Meetings of the board, annual, regular or special, may be held at any place within or without this state, unless otherwise provided by the...
• New York Not-for-profit Corporation - § 711 - Notice of Meetings of the Board
  (a) Unless otherwise provided by the by-laws, regular meetings of the board may be held without notice if the time and place of such meetings...
• New York Not-for-profit Corporation - § 712 - Executive Committee and Other Committees
  (a) If the certificate of incorporation or the by-laws so provide, the board, by resolution adopted by a majority of the entire board, may designate...
• New York Not-for-profit Corporation - § 713 - Officers
  as between themselves and the corporation shall have such authority and perform such duties in the management of the corporation as may be provided in...
• New York Not-for-profit Corporation - § 714 - Removal of Officers
  (a) Any officer elected or appointed by the board may be removed by the board with or without cause. An officer elected by the members...
• New York Not-for-profit Corporation - § 715 - Interested Directors and Officers
  (a) No contract or other transaction between a corporation and one or more of its directors or officers, or between a corporation and any other...
• New York Not-for-profit Corporation - § 716 - Loans to Directors and Officers
  No loans, other than through the purchase of bonds, debentures, or similar obligations of the type customarily sold in public offerings, or through ordinary deposit...
• New York Not-for-profit Corporation - § 717 - Duty of Directors and Officers
  (a) Directors and officers shall discharge the duties of their respective positions in good faith and with the care an ordinarily prudent person in a...
• New York Not-for-profit Corporation - § 718 - List of Directors and Officers
  (a) If a member or creditor of a corporation, in person or by his attorney or agent, or a representative of the district attorney or...
• New York Not-for-profit Corporation - § 719 - Liability of Directors in Certain Cases
  (a) Directors of a corporation who vote for or concur in any of the following corporate actions shall be jointly and severally liable to the...
• New York Not-for-profit Corporation - § 720 - Actions on Behalf of the Corporation
  (a) An action may be brought against one or more directors or officers of a corporation to procure a judgment for the following relief: (1)...
• New York Not-for-profit Corporation - § 720-A - Liability of Directors, Officers and Trustees
  Except as provided in sections seven hundred nineteen and seven hundred twenty of this chapter, and except any action or proceeding brought by the attorney...
• New York Not-for-profit Corporation - § 721 - Nonexclusivity of Statutory Provisions for Indemnification of Directors and Officers
  The indemnification and advancement of expenses granted pursuant to, or provided by, this article shall not be deemed exclusive of any other rights to which...
• New York Not-for-profit Corporation - § 722 - Authorization for Indemnification of Directors and Officers
  (a) A corporation may indemnify any person, made, or threatened to be made, a party to an action or proceeding other than one by or...
• New York Not-for-profit Corporation - § 723 - Payment of Indemnification Other Than by Court Award
  (a) A person who has been successful, on the merits or otherwise, in the defense of a civil or criminal action or proceeding of the...
• New York Not-for-profit Corporation - § 724 - Indemnification of Directors and Officers by a Court
  (a) Notwithstanding the failure of a corporation to provide indemnification, and despite any contrary resolution of the board or of the members in the specific...
• New York Not-for-profit Corporation - § 725 - Other Provisions Affecting Indemnification of Directors and Officers
  (a) All expenses incurred in defending a civil or criminal action or proceeding which are advanced by the corporation under paragraph (c) of section 723...
• New York Not-for-profit Corporation - § 726 - Insurance for Indemnification of Directors and Officers
  (a) Subject to paragraph (b), a corporation shall have power to purchase and maintain insurance: (1) To indemnify the corporation for any obligation which it...