(b) Each director shall serve for a term of two years. At the
expiration of the initial term their successors in office shall serve
for terms as fixed in the by-laws of the corporation.
Structure New York Laws
Article 52 - Motor Vehicle Accident Indemnification Corporation
5203 - Motor Vehicle Accident Indemnification Corporation.
5205 - Liability of Directors and Members.
5207 - Assessments Against Members.
5209 - Investigation and Defense of Claims.
5210 - Application for Payment of Judgment.
5211 - Hearing on Application for Payment of Judgment.
5212 - Order for Payment of Judgment.
5213 - Settlement of Claims or Actions.
5214 - Default and Consent Judgments.
5216 - Assignments of Judgments to Corporation.
5217 - "Hit and Run" Causes of Action.
5218 - Procedure for "Hit and Run" Cases.
5219 - Disclaimer or Denial of Coverage Cases.
5220 - Notice of Judgment to Commissioner.
5221 - "No-Fault" Benefits to Qualified Persons.
5222 - Examination of Corporation.