New York Cooperative Corporations Law Article 4 - DIRECTORS, OFFICERS AND EMPLOYEES

  • 60 - Directors; Terms; Election; Duties.
    Except as otherwise provided in this chapter, the board of directors shall be divided, as nearly equally as practicable, into three classes. At the first...
  • 61 - Directors From Districts.
    The by-laws may provide for the use of one or more of the following: (a) that the territory in which the corporation has members shall...
  • 62 - Salaries.
    The corporation may provide a fair remuneration for its officers and directors and for members of its executive committee. No officer or director or member...
  • 63 - Removal of Directors.
    Any member may bring charges against a director by filing them in writing with the secretary, together with a petition signed by five per centum...
  • 64 - Officers.
    The officers of every corporation shall include a president, one or more vice-presidents, secretary and treasurer who shall be elected annually by the board of...
  • 65 - Officers and Employees to Be Bonded.
    Before handling funds or securities of the corporation, amounting to one thousand dollars or more in any one year, the officer or employee shall be...

Last modified: February 3, 2019