ยง 21. Officers. The officers of a cooperative shall consist of a
president, vice-president, secretary and treasurer, who shall be elected
annually by and from the board of directors. When a person holding any
such office ceases to be a director he shall cease to hold such office.
The offices of secretary and of treasurer may be held by the same
person. The board of directors may also elect or appoint such other
officers, agents, or employees as it deems necessary or advisable and
shall prescribe their powers and duties. Any officer may be removed from
office and his successor elected in the manner prescribed in the
by-laws.
Structure New York Laws
REL - Rural Electric Cooperative
Article 2 - Purpose; Organization and Management; Powers
13 - Articles of Incorporation.
19-A - Conflict of Interest Policy.
22 - Liability of Directors in Certain Cases.
23 - Action Against Directors and Officers for Misconduct.
24 - Nonexclusivity of Statutory Provisions for Indemnification of Directors and Officers.
25 - Authorization for Indemnification of Directors and Officers.
26 - Payment of Indemnification Other Than by Court Award.
27 - Indemnification of Directors and Officers by a Court.
28 - Other Provisions Affecting Indemnification of Directors and Officers.
29 - Insurance for Indemnification of Directors and Officers.