New York Rural Electric Cooperative Law Article 6 - GENERAL PROVISIONS GOVERNING PROPERTY AND AFFAIRS
- 60 - Refunds to Members.
Revenues of a cooperative for any fiscal year in excess of the amount thereof necessary: (a) To defray the expenses of the operation and maintenance...
- 61 - Disposition of Property.
(a) The board of directors of a cooperative shall have full power and authority, without authorization by the members thereof, to authorize the execution and...
- 62 - Non-Liability of Members for Debts of Cooperative.
No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution
- 63 - Recordation of Mortgages; Effect Thereof.
In case of conflict between this section and article nine of the uniform commercial code, the provisions of this section shall control. Any mortgage, deed...
- 64 - Construction Standards.
Construction of electric lines by a cooperative shall, as a minimum requirement, comply with the standards of the national electric safety code in effect at...
- 65 - Directors, Officers or Members As Notaries.
No person who is authorized to take acknowledgments under the laws of this state shall be disqualified from taking acknowledgments of instruments executed in favor...
- 66 - License Fee in Lieu of All Franchise, Excise, Income, Corporation and Sales and Compensating Use Taxes.
Each cooperative and foreign corporation doing business in this state pursuant to this chapter shall pay annually, on or before the first day of July,...
- 67 - Exemption From Jurisdiction of Public Service Commission and From the Provisions of the Public Service Law.
Cooperatives and foreign corporations doing business in this state pursuant to this chapter shall be exempt in all respects from the jurisdiction and control of...
- 68 - Exemption of Securities.
The provisions of article twenty-three-a of the general business law shall not apply to any note, bond or other evidence of indebtedness issued by any...
Last modified: February 3, 2019