New York General Municipal Law Article 3-A - COOPERATIVE INVESTMENTS

• 42 - Definitions.
  For the purposes of this article, the following terms shall have the following meanings: 1. "Cooperative investment agreement" shall mean the temporary investment of moneys...
• 43 - Required Elements of a Cooperative Investment Agreement.
  Every cooperative investment agreement shall contain, at a minimum, the following: 1. a description of the creation, membership, powers and responsibilities of the governing board...
• 44 - Governing Board; Creation and Membership.
  1. Every cooperative investment agreement shall be administered by a governing board. The numerical membership of the board shall be not less than ten percent...
• 45 - Governing Board; Powers and Responsibilities.
  The governing board of a cooperative investment agreement shall have the following powers and responsibilities: 1. administering all aspects of the agreement; 2. entering into...

Last modified: February 3, 2019